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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 westcanprideon Nov 08, 2024 9:07am
159 Views
Post# 36302855

RE:Guyana government reaffirms that no discussions are underway

RE:Guyana government reaffirms that no discussions are underway

I think it's clear that Guyana government officials are being shown to be a bunch of hypocrites and worthless losers. If the license was truly "in doubt" and even worse "relinquished", this would undoubtedly invoke a material news release. Instead it's been ~3 months since Jagedo started acting tough with regards to Corentyne and nothing has materialized. Jagedo is just as stupid and useless as that POS Suresh and De Alba. 

If a farmdown or JV deal is in the works, CGX or FEC likely will not be around anyway and the whole government approach is just a circus act. Wouldn't shock me for one minute if Jagedo and his close friends/family are accumulating shares. 

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