CGX Energy Inc CGXEF

Primary Symbol: V.OYL

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.

TSXV:OYL - Post by User

CGX Energy Inc > 100m$ mc

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Comment by Kelvinon May 25, 2024 2:45pm

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Post# 36057458

RE:RE:RE:100m$ mc

Well Frank I'm probably wrong. That's my worse case. But this summer and fall we should see lots of volatility in the oil price because NOAA, this past Thursday, predicted the worst hurricane season in history which will no doubt curtail GOM supply. "The Perfect Storm" they call it. Much warmer sea temps in the Atlantic Basin and El Nino transitioning to La Nina meaning much weaker and less frequent shear winds that break up upward air flow that are necessary for hurricanes to form.

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