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 > New Press Release - CGX Announces Commencement of Commercial Operation of Berbice Port and Provides Update on Corentyne Block

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Comment by CPFStocks1on Dec 12, 2024 9:45am

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Post# 36358636

RE:New Press Release - CGX Announces Commencement of Commercial Operation of Berbice Port and Provides Update on Corentyne Block

"Grand Canal Industrial Estates Inc., is now fully accredited to operate and has begun operations as of Sunday December 8, 2024, when a vessel of 90m by 25m with a load of 3,800 metric tons of aggregates was safely moored and offloaded."

This was a few days after the port pics were taken, 3800 metric tons is a significant amount of material.
We should finally start to see a cash flow and some additional value.

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