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 > Anyone got any fresh pics of the port?

<< Previous

Bullboard Posts

Next >>

Comment by Kelvinon Dec 01, 2024 5:49am

85 Views

Post# 36339385

RE:Anyone got any fresh pics of the port?

Well Frank, Guyana has got plenty of locally sourced aggregate now with further production expansion in the works. Up from 600,000 tonnes per year just a few years ago to over 2,000,000 tonnes per year now. Their infrastructure and need for construction quality aggregate is rapidly expanding. No shortage of aggregate for ports etc:

https://dpi.gov.gy/guyana-to-surpass-2m-tonnes-of-aggregates-this-year-min-bharrat/

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing