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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 Dec 04, 2023 6:26pm
181 Views
Post# 35767997

RE:RE:RE:OBFUSCATE

RE:RE:RE:OBFUSCATELol Phantomblogger, I've been forwarding stuff on my Whatsapp feed here to a buddy in Guyana. He was trying to figure out Maduro's motivations. The stuff that I forwarded was solid political analysis from experts here. I'll briefly summarize it: Maduro is looking for an external threat/crisis so that he can declare martial law, suspend constitutional gaurentees with the end game being the cancellation of the presidential elections slated for next year so that he can perpetuate himself in power.

If that's true, then I suggested to my buddy in Guyana that Guyana could help Maduro out by getting some Guyanese soldiers to shoot peas at Venezuelan troops with pea shooters. Maduro could hype it up thar Guyana was shooting at his troops, declare martial law but not invade Guyana because that would anger China and Maduro doesn't want to mess with that Asian tiger.

I added that I don't really care who runs these countrues - dictatorships or democrats. I want an administration that grows the private sector. That's the key for me. I'd much rather live under an efficient, wealth creating dictatorship like in Singapore which delivers very high standards of living than some of the wasteful, stupid, run by morons democracies in the world.

So whatever grows the private sector pie bigger is fine with me. Maduro stays in power and goes to live on a nice beach somewhere turning administrative control over to puppets of external interests who see huge potential in this entire continent. I hope that the Americans, Russians, Chinese come up with some plan to get these economies really going. Essequibo is loaded with highly sought after resources. Maybe China brokers a deal with Maduro. Lay off Guyana and  we'll pump billions into your part of the Guyana Shield. Something like that anyway. Put the dispute back on the back burner for a few more decades.
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