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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Comment by westcanprideon Oct 06, 2023 4:06pm
237 Views
Post# 35673867

RE:RE:RE:Lab Results

RE:RE:RE:Lab Results

Yup, I don't disagree at all with your summary there! 

The way this whole thing has unfolded, I truly do wonder what the hell goes through these losers minds on a daily basis. Truly takes a sick and twisted loser to willingly screw over shareholders and all the while sit back and continue to collect massive monthly pay cheques. Unfortunately CGX is full of them and Frontera is no better. 

They have drilled two bloody wells and have recent 3D seismic over a relatively small area... it does not take that long to do updated resource estimates, do some updated to the company website and issue some positive news releases. Clearly the lazy, half as*ed approach taken hasnt worked for CGX or Frontera to date. 

 

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