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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 > MY THOUGHT
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Comment by IceDog13on Dec 08, 2023 11:28am
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Post# 35774949

RE:MY THOUGHT

RE:MY THOUGHT
firo1988gt wrote: I am looking at Dec 11th as a glass half full rather than half empty.  I wouldn't think any company would announce a big news confernce to notify all share holders real bad news.  Here to hoping for some good news to get this show back on the road again.  GLTA  FIERO

This could really go either way.

I can see them making a big announcement bringing a new partner on to continue exploration and moving Corentyne forward.

I can also see the announcment being that FEC and CGX are going to merge, and for X amount of CGX shares you will get Y amount of FEC shares.

Most likely in my opinion though, they will try to put a positive spin on the work they have done so far, being short on details and avoiding any questions that give actual solid answers.

CGX communications department is so bad (anyone disagree) that really and truly, on Monday they could ammounce anything!

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