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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 Harel1976on Jul 24, 2024 6:50am
227 Views
Post# 36145688

no chance for a farm out

no chance for a farm outthe remains of what was the mighty corentyne doesnt attract any oilers, its for grabs since the kawa results when they had the market cap to help them lie they have a discovery and still no body believed them except some pi's on this board..

eco on the other hand has 100% of orinduik, no debt, money in the bank, is discussing a formal farm out with nine companies including majors, has 250m barrels discovered with the same quality of hammerhead which exxon has just declared is going to be developed, hammerhead extent in to orinduik, eco has around 40000 sqkm of acreage in the orange basin including 3b/4b where total entered and will drill next year and around 50000 sqkm in the walvis where chevron just farmed in to a block that eco surrounds, with no commitments for the next 7 years, and this shitttty cgx that will never create any value and has no future or upside, just 16m$ debt with no money to keep the lights on is trading at a higher market cap....

wake up, or youll wake up one day and see your investment goes to 0 in one day.
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