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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 Harel1976on Dec 18, 2023 4:52am
181 Views
Post# 35789234

RE:RE:Not much chatter ?

RE:RE:Not much chatter ?This amount is the potential boe in the mastrichian, that to prove needs more exploration wells which they call appraisals though they are not appraisals. 
They gave up on the deeper layers as its not economical and takes 6 months to complete a well.
Its a fraud and no company will jv, imho. 
Cgx mc is 100$us, over valued by multiples, still a long way to fall.
I would reconsider if i had a position here. 
Gla
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