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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 May 20, 2024 3:21pm
73 Views
Post# 36048953

RE:RE:Frank

RE:RE:FrankYeah Frank corruption. It's endemic in every country. In Canada the We Charity Scandal, SNC Lavalin, the US the Hunter Biden thing etc. It's just a matter of degree. I don't really care about it as long as the money stays in the local economy where a lot of people can benefit from it st least indirectly. 

Yup Joe wants to 1) displace Russian hydrocarbons from the European market and 2) keep the oil price down in order to better control inflation. Guyana has become strategically important in achieving those aims. What I get confused about is why they aren't pushing other operators in the basin to get moving on more developments.
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