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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 kcac1on Oct 22, 2024 10:40am
217 Views
Post# 36276659

Some more Interesting Stuff

Some more Interesting StuffThis article from Forbes in 2017 is really a joke, after almost ten years they are hopefully doing what they should have done in the first place with PRE. Break it up and sell the parts. Can you beleive that de Alba got an award for this deal when he converted PRE into FEC?. I might add the market cap 5 years ago for FEC is almost identical to today's market cap. So  much for enhancing shareholder value, which is another Catlayst guiding principle..

From Clunker To Hot Rod: Catalyst Catalyzes The Former Pacific E&P (forbes.com)

I
 might also mention that Catalyst has suprisingly updated its corporate presentation.. With Honesty and transparency mentioned as one of thier guiding principles.  And in their describing their portfolio, in the revised writeup on on Frontera they no longer mention interests in Guyana. This is a change with the updated presentation where they has mentioned exciting exploration interests in Guyana.

"Frontera Energy Corp. is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of assets with interests in more than 25 exploration and production blocks in Colombia and Peru. The Company’s strategy is focused on sustainable growth in production & reserves and cash generation."

Catalyst Capital | Private Investment Company - US & Canada | Home (catcapital.com)

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