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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 Apr 16, 2024 5:26pm
148 Views
Post# 35992459

RE:RE:RE:RE:Very good movie on the outback of Guyana

RE:RE:RE:RE:Very good movie on the outback of Guyana Yeah a2bman, gold, silver, all precious metals. I read that the entire Guyana Sheild which extends well into Venezuela and Brazil and even goes into Colombia is loaded with precious metals and gems like diamonds. Like the Canadian Shield in Canada. 

In Venezuela we have a town called El Callao, famous for being able to buy gold at a steep discount, right in the gold and diamond producing areas. The locals in the area go out and find the gold. I imagine that the same is happening in Guyana. What's gold going for now, discount? $40 per gram, maybe more? It's great money for the local folks. Supposedly the Guyana Shield is as unexplored as the Canafian Sheild was 100 years ago. Might see a lot of core drilling activity by mining companies in Guyana like there used to exist in Venezuela before the commies took over. Especially if they continue to build more roads. Where's thst aggregate come from? Crushed up Guyana Sheild granite? 


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