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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 Mbxwatcheron Oct 24, 2024 12:36pm
201 Views
Post# 36280485

RE:Coasting

RE:CoastingRespectfully Manny, what is left to discuss.
The people you refer to have all provided world class information about the possibilities here.
Management, has fumbled the ball at every turn, and seemingly turned great potential into bankruptcy.
I think everyone on the board knows it.....So we are left to discuss Frank's daily profits :), while we wait for an inkling that there is life somewhere it either corporation, or at the government in Guyana.

To me its binary, get an extension on the lease, and live to fight another day, dont get an extension, and die.......maybe that is an over simplification, but until then.....we wait
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