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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 Jul 05, 2024 9:19am
111 Views
Post# 36119414

RE:You know what ticks me off about this Jagdeo clown?

RE:You know what ticks me off about this Jagdeo clown?And what worries me the most is that Guyana could go commie and nationslize everything like Venezuela and Cuba did. Canada to a lesser extent with Pierre Trudeau's National Energy Program back in the early 80s. It decimated the oil industry and much of the Alberta economy. They start going fown the road of not honouring exidting agreements then the precedant will be set that there's no limit on how far they'll go. I was looking into investing in Guyana in non-hydrocsrbon emerging opportunities. I think that I'll wait. I saw what happened in Venezuela, first hand, when the state starts arbitrarily changing the rules to the game. Jagdeo sounds lije a Trotsky style communist. Like the new.   prime minister elect of the UK. God save the UK!
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