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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 Kelvinon Nov 30, 2023 5:43am
195 Views
Post# 35760321

RE:RE:Hope

RE:RE:HopeYes LCSulla, There's plenty of videos floating around in Venezuela of Venezuelan military practising crossing jungle rivers using huge barges carrying armoured personnel carriers and clearing jungle to make roads and military bases. Note that Venezuela's biggest allies are Russia and Iran. Simply google "Venezuela Hezbollah" to get an idea of the extent to which proxies of Iran and to a lesser extent Russia have infiltrated Venezuela, Colombia, Brazil etc.

The locals are trying to figure out just what is going on. Tempest in a teapot or a prelude of something bigger in some grand geopolitical chess game. Venezuela has clearly declared that they don't recognize the authority of the ICJ any more than Putin recognizes the authority of international law. The "world order" is being challenged all over the planet. Even the UN is a joke to most people. But that's a topic for another discussion except to point out that underlying this entire mess is the total disregard for anything the ICJ rules. What are they going to do? Send US marines to Guyana in order to defend it? The local military experts say that Guyana's military wouldn't last 2 weeks in the face of an invasion. That's not knocking Guyana. They are a peaceful country and haven't had a need to create a huge military.

Anyway these guys are hell bent on stirring up some conflict with Guyana for reasons that nobody can figure out about a territorial dispute that has laid dormant for decades and now, all of a sudden, it's a huge issue. We'll see what happens.
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