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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.


TSXV:OYL - Post by User

CGX Energy Inc > Corentyne Block with the State; gov’t in no hurry to conside
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Comment by Harel1976on Aug 15, 2024 11:52am
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Post# 36180731

RE:Corentyne Block with the State; gov’t in no hurry to conside

RE:Corentyne Block with the State; gov’t in no hurry to considewhat a weird board, the most important news, a big red light, gov saying plain and simple- cgx is about to lose its only asset or already did, and will be left with nothing but 16m$ debt and go bust, and no one responds...
cgx is a dead man walking...
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