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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

Post by taalon Feb 15, 2024 10:24am
226 Views
Post# 35881747

Share price

Share priceAnonymous  and Cibc are constantly  hitting the Bid...Seems like Raymond James and Morgan Stanley were instrumental in getting us to this point...Looks like someone wanted out of thier positions in the past few weeks...Anyone know what progress is being made on the Port....Ali,s remark on Cgx building a Massive Port doesn't seem synonymous with a company going out of buisness...Fec has hundreds of millions tied up in Cgx and I'm doubtful they want to see thier investment  fall by the wayside....These last few months have been extremely  trying...But most of us shareholders are handcuffed in that we are in a very illiquid stock...Hoping for positive news on Bluefin and a subsequent buyout....GLTA
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