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 > Dispute over Hess stake in Stabroek block could lock Chevron

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Comment by Zibo510on Feb 27, 2024 4:53pm

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Post# 35902469

RE:Dispute over Hess stake in Stabroek block could lock Chevron

Interesting, looking like a battle developing between Exxon, Cnooc and Chevron for Hess's share in the Stabroek block and

The Corentyne block is sitting there with a big For Sale sign with a banner that says Open to Offers.

I don't know if that's a good sign or a bad sign.

It's a good sign having that amount of interest in Hess's share.

But not such a good sign that CGX hasn't up to this point received any offers for a JV or Buyout despite all the interest.

Time will tell how this story ends.

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