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 > Frontera sets 2024 CAPEX at US$272-335 million

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Comment by Harel1976on Feb 18, 2024 1:55pm

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Post# 35886783

RE:Frontera sets 2024 CAPEX at US$272-335 million

Good to see fec's core business is doing fine, but you can see its capex is targrted for colombia and equador, that means the only way forward is through farm out.
According to the report the data room is just being opened, off course thats incorrect, they are trying to farm out for some time now, but farm outs takes atleast six months from the start to completion so take in account its a long way for new if it lands..

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