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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

Post by taalon Jun 12, 2024 7:27pm
184 Views
Post# 36086073

Wei 1 discovery

Wei 1 discoveryI think everything  in your post is all Conjecture...yes there is a substantial capital for infrastructure but that goes hand in hand with deep water discoveries..Exxon not being interested and focusing on thier property again just your opinion...Your whole post is skewed in negativity...No one ...none of us know what is really going on ..but ....when it walks like a duck...sounds like a duck...chances are Its a duck...Cgx closed thier offices...Fec separated thier assets for an obvious sale...We have 2 independent  reports showing 500....610..million barrels just in the Mastrichian and forget the Campanian and Santonian and how many targets to drill in N Corentyne..  And No One is interested?? An estimated  1.5 billion ....7 billion  barrels in N .Corentyne and we cant find a suitor...
I say B.S.   With no news and the blatant  manipulation of our share price...I say they are definitely  in Negotiations with someone..Who ?? No idea...but I think we are good...Time will tell..
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