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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 Frank007on Mar 08, 2024 2:57pm
224 Views
Post# 35923383

Encouraging for sure …

Encouraging for sure …Somethings up ....t d just picked up another 185,000 from Morgan Stanley ....frontera printing money now ...I listened to the conference ....like wow ....last quarter alone now that it funded cgx corentyene ...net  $92,000,000 us $ ....that's about $1.40 profit per share .... nice ...cgx will soon be cash flow positive ....aggregates are in great demand here in Guyana for all sorts of construction ......
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