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 > Early may

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Comment by Zibo510on Mar 06, 2024 1:53pm

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Post# 35918577

RE:Early may

It's been 3 months since CGX enlisted Houlihan-Lokey to find a Buyer/ Partner for Corentyne.

Since the Guyana Basin has been front page news since 2015, when Exxon made their first discovery, you would think everybody and their brother in the oil industry that might have an interest in getting a position in the basin would have already looked into all available options which would include Corentyne.

So I guess my question is where are they looking for a partner/buyer for CGX since most potential candidates have been aware of the Corentyne long before Houlihan-Lokey was hired by CGX.

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