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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.


TSXV:OYL - Post by User

CGX Energy Inc > Don,t be stupid …
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Comment by Strawboss1on Nov 23, 2023 1:00pm
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Post# 35750263

RE:RE:RE:Don,t be stupid …

RE:RE:RE:Don,t be stupid …
Strawboss1 wrote:
Harel1976 wrote: Sorry for your loss, cgx made it look like they got something that can pull them out of the mud but now you know they dont!
Not only they are not commercial, the cost of a well proved to be too expensive to attract a farm-inee.
In 2 years they are out of business, on the way they will lloose the port and they still havent hit the bootom short term, so its bad investment short term and total loss long term.
It is what it is, sorry. 

I am not saying that  you are not correct in what you are stating, but are you privy to information that we are not, or is this pure speculation, It would appear as a matter of fact.?

Every thing you stated here in your post ?
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