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 > Cgx/fec slide presentation

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Comment by Udinese69on Dec 13, 2023 2:30pm

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Post# 35782731

RE:RE:RE:Cgx/fec slide presentation

Maybe it has to do with Commitment of the leases to drill ? on time. $$$$$$$$$$$$$$$$$$
Guyana Gov.
How many leases did OYL have from the first day ? roughly over 23 years ago
No $$ to commit ? Good Bye Do your DD review. Drilled several wells

How many leases does OYL have Today .
Maybe the big fish always try to eat the small Fish All about Financing ??
Nobody works for Nothing

It takes money to advance
OYL has allegedly 500 to 640 millionbarrels
Question - for a company, I assume with no ?, now we might have something

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