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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 Dec 03, 2024 4:58pm
146 Views
Post# 36343831

RE:New port pics

RE:New port pics

Thank you for these updates. I'm not suprised management is not providing these photos... they probably know deep down they haven't accomplished a single bloody thing of significance all year. 

CGX and FEC management teams have literally been gifted opportunities of a lifetime. Government provided perfect land location to build a profitable port. Exxon JV discovered gas and oil near Corentyne and in essence told the geologists where to shoot new 3D seismic/plan their wells. Sadly, both these opportunities have been screwed up royally. 

How in the living the hell the port can look this awful after all these years is beyond me. Truly embarrassing on so many levels and sadly we sit waiting for these useless losers to make a deal. Sad times. 

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