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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 Kelvinon Dec 10, 2024 5:19am
108 Views
Post# 36354120

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

RE:RE:RE:RE:RE:RE:RE:Mention of of Deepwater HarborYes a2bman, I was lol at your crab joke at floppy chick catching crabs on cgx island. I got the joke. Yes silt. When I worked there going out to the rig on the chopper you can see that the muddy waters extend many kilometers out into the ocean. The entire country's inland coastal area must be nutrient rich sediment.

Those rivers carry piles of sediment and I can see why dredging is a big activity there and also why gold mining of the river sediment there is a huge business. Lots of the mining is clandestine and illegal from what I've seen on Youtube videos of the rainforests dotted with hundreds of microscale mining operations. Tough, but lucrative business. Most of the interior of Guyana has no road access so the gov has a difficult time controlling it. 

But the erosion of the Guyana sheild has loaded those river sediments with piles of gold, diamonds etc. Saw a great video of Kaieteur Falls which is the largest single-drop waterfall in the world. It is located on the Potaro River in Kaieteur National Park, central Essequibo Territory. 

So when people talk or ask about the viability of  gold mining operations on this board I wonder about what kind of mining because from the videos most seem to be dredge type mining of river beds and banks, if there is road access and if it's legal. But I never wonder about if the gold is there or not. It's there.
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