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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 Aug 04, 2024 7:36pm
148 Views
Post# 36164073

RE:RE:Maduro

RE:RE:MaduroYes you make good points which have been thouroughly analyzed in these parts. I usually follow NTN24 or Caracol, from Colimbia, on Youtube. They've had some very good anslysts on.

Case for why Petro and Lula would pressure Maduro to take a deal on political asylum: Both countries are full to the top with millions of Venezuelan migrants looking for a better life because the economy is decimated here and nobody will invest a dime to get it going again because investors feel that any deal made with a government which may be declared illegitimate could be declared null and void by international bodies or by a future legitimate Venezuelan government.

Case in point. Back in 2018 after the presidential elections the US and 50 or so did not reckognize Maduro as being the legitimate president of Venezuela claiming fraud back then. Venezuela defaulted on about $150 billion worth of debt. Venezuela wanted to restructure it. The US said no because they said that Maduro was illegitimate and had no legal authority to negociate on behalf of Venezuela.

So foregn investment dried up, nobody, except for China maybe, is going to lend Venezuela a dime. Export earnings? Lmfao! What exports? Maduro is out of money. So what happens to what little is left of the econony? It equates to about 8 more million people leaving according to polls if Maduro stays in power. Aldo I bet that there are many billiins of dollars in Colombia and Brazil that would love to be invested in Venezuela rebuilding the country as long as the US reckognized the legitimacy of the government.

Anyway, if the economy continues on its deteriorating  trajectory Trump won't need to build a wall because Colombia and Panama will have already built one.
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