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 > OBFUSCATE

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Post by Phantombloggeron Dec 04, 2023 3:21pm

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Post# 35767676

OBFUSCATE

"Guyana-Suriname Basin"
The headline is an obfuscation!
This is what it is; a whole lot of obfuscation!
We (long term retail shareholders) held on all this time, towing the line, acquiesced, because we thought that Pacific Rubiales - Frontera was our big brother! Some even posted that we had no choice, which was not true, especially when you compare Gil at EcoAtlantic to Suresh at CGX!
We have drilled two EXPENSIVE holes at astronomic prices with nothing to show!
That's what we have, and it doesn't make any sense!

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