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 > 210 to 40….

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Comment by Dell1on Nov 09, 2023 10:22pm

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Post# 35727558

RE:RE:RE:210 to 40….

I agree that we were misled. The results are not as spectacular as we all had hoped for. It will be interesting to hear what management is going to say during the conference call tomorrow. How they are going to try to save their faces and what they can do to salvage this situation!

I see only a potential JV with Exxon down the road to develop these discoveries. Reported hydrocarbon sands from Pluma are 121 feet, Lau-Lau 315 feet, Sailfin 312 feet, and Wei-1 is 114 feet

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