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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 Jan 29, 2024 11:36am
165 Views
Post# 35850492

RE:Not suprised I suppose…

RE:Not suprised I suppose…Wcp, My favourite news outlet is Firstpost with Palki Sharma from India. Btw, she says that Canadian foreign policy is being run by Singh who has a hate on for India and who has so much influence because he is the one keeping Trudeau in power. The latest Singh aggression against India was last week when Canada announced that it is investigating India for Canadian election meddling.

Anyway, in one of her programs a while ago she said that India is now the world's fourth largest economy, it's stock market has surpassed the Hong Kong market in market cap and probably within the decade India will become the world's second largest economy. They are hungry for oil. She mentioned that Indian companies, flush with cash, are looking to the Americas, Guyana in particular, for investment opportunities. I don't know man. So much Corentyne potential and so much eager money floating around looking for a good investment. Something has to be happening.
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