CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc > Contracts

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Comment by Phantombloggeron May 28, 2024 7:24pm

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Post# 36061377

RE:Contracts

More than a year ago, going into the Wei1 drill, I think CGX had warned about the possibility of ceasing to be an ongoing entity. I've tried to look for that article several times without success.
Which is the reason I asked Rapsani to explain his train of thoughts.
Taal or Waitingstill, can you ever recall reading such a thing?
TIA
Phantom
PS: Pacific Rubiales reincarnated as Frontera, leaving many shareholders in the lurch. IS that right? Please correct if not as asserted here! AND if so, how does this align with "reassignment clause"?

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