CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > CGX stock value

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Comment by Miftee9on Sep 05, 2023 12:54pm

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Post# 35620110

RE:CGX stock value

The fact that CGX and FEC are not able or capable of drilling themselves is not that big of a deterent to sale price. What will drive the value is the competitive tension created by making the sale a competitive process. The fear of missing out by the suitors will drive the ultimate value up. As many have mentioned, spend money on unknown blocks in auction or spend more and know what you are buying? Most will go with the latter. GLTA. Still Bullish.

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