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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 westcanprideon Mar 06, 2024 1:11pm
241 Views
Post# 35918452

Early may

Early may

That's when historically CGX and FEC release 1Q results. I really hope and pray that tomorrow evening, these guys release some meaningful (and good) news. Otherwise, yeah, the next couple months could be a real lean/frustrating experience. 

Both companies have shown they show little to no interest in keep investors happy. In absence of anything tomorrow, next two months could be tough. 

At some point, a deal for Corentyne and the port has to occur one would think. 

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