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.

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CGX Energy Inc > Mention of of Deepwater Harbor

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Comment by Kelvinon Dec 09, 2024 1:25pm

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Post# 36353057

RE:RE:RE:RE:RE:Mention of of Deepwater Harbor

Lol, Well that entire Berbice River basin area is supposed to be fantastic for agriculture plus a port there could also support drilling/development operations in Suriname and Corentyne. Saw a Nebula video on Youtube about Africa's "smooth" coastline making it difficult to import/ export from Africa because of an acute lack of deepwater ports. Great beaches though.

Guyana doesn't have that problem. That CGX Berbice port has a lot of potential.

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