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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 waitingstillon Dec 04, 2023 6:12pm
174 Views
Post# 35767981

RE:RE:RE:52 week lows

RE:RE:RE:52 week lowsOf course we all want answers to all their f-ups over the past few years that have cost us millions of dollars collectively. BUT, IMO, we need this CC to be VERY positive on all fronts. We do not need negative accusations and negative responses. What we should be able to find out is how many hundreds of millions of barrels of oil Maas zone has and how this guys are going to monetize it for us. The C and S zones are ships that have sailed for the time being and we are in no position to wait many years to explore more to get definitive answers on those zone. Yes, our huge (well deserved) profits have vanished BUT do we want to languish at 40c indefinitely or lower? Or do we want these guys to push forward with our best options (ie Maas zone becoase of its great geologic considerations including shallow and cheap to drill) and maximize our return?

I really don't know the answer to this because I want to hang these a$$holes out to dry for how badly they have screwed us. But, on the other hand, I want to maximize what I can get to from here as opposed to get even less.

Thoughts?

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