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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

Comment by Kelvinon Mar 11, 2024 2:36pm
198 Views
Post# 35926894

RE:PORT

RE:PORTYes I remember Phantom, your interest in ports. Got me going on infrastructure in general. From what I understand a sizable area of Guyana's coastal area is almost at sea level and prone to high tide, storm surge flooding which is why they built a seawall in Georgetown. So they're going to need a lot of fill to bring the port areas, roads etc safely above sea level. Maybe that's whst the constraint to accelersted construction is. Scarcity of aggregate. Lots of granite like rock in the Guyana Shield area to crush into aggregate. But they need that new road that their building from Letham to Linden through the Esdequibo territory. Too many constraints right now. Once the constraints esse then maybe they'll kick it into high gear. I'm just guessing though. 
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