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.

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CGX Energy Inc > Extention

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Post by taalon Jul 05, 2024 9:43am

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Post# 36119473

Extention

The Government has stated Very clearly that in order for the extention to be granted...Cgx/Fronterra must show Financial means to carry out appraisal work and a clear path forward to completion...Now if Fronterra does in fact show a clear path forward ...should not the shareholders be made aware of such a plan...If they are granted the extention (which i think they will) and shareholders are not informed of such plan ...then we can assume they are in negotiations and are under an NDA...Thoughts??

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