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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 > Anyone got any fresh pics of the port?
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Comment by Kelvinon Dec 03, 2024 10:12am
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Post# 36342711

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone got any fresh pics of the port?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone got any fresh pics of the port?Oh ffs Frank. Learn some basic grade 10 math about significant figures. Sheesh I though that you were a technical guy from the way that you yap. 99.7% is 99.7/100 = 0.997,  99.99999999999999999999999999999999999999999999999999999999999999999% is infinely close to 0.999. The difference is infinitely close to 0.002 or 2 parts in one thousand. And the impurity is almost always some metal cation that they can react out of the silicate in order to create pure silicate that they react with carbon to produce pure silicon blocks for semiconductors. If they use it for aggregate in construction then I don't think that 2 parts in one thousand iron, magnesium, copper, aluminum, nickle or whatever metal atom is going to cause a bridge to fall down. Metal bonds with other atoms/molecules are extremely strong anyway. 

So to me they have abundant, in country, sources of extremely high quality construction materials. Why hasn't the port been built? 
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