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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

Post by waitingstillon Nov 10, 2023 11:38am
241 Views
Post# 35728536

Resource estimate

Resource estimateDid anyone listen to the one question about resource report? Did he really say that they are not going to release it? If so, that needs to cange. It has material information for cgx. It has to be what they are basing the comments about "stand alone" Maas project. They are surely not basing those comments on 13 feet of pay! That resource esrimate HAS to be released even if it requires legal action. I think FEC is blocking it for sime bizarre reason. We need action NOW. Legal or otherwise. Fec not making a "stand alone" statement without hundreds of millions of barrels in Maas zone alone. That needs to come out. We need heavy pressure NOW while we still have a stock price.
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