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Freegold Intersects 2.72 g/t Au over 139.9 metres at Golden Summit (click to learn more)
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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 > forget everything else
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Comment by IceDog13on Jan 13, 2025 3:24pm
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Post# 36401896

RE:RE:RE:forget everything else

RE:RE:RE:forget everything else
a2bman wrote: $50MM at todays price would double the number shares out.  They had 2MM in the bank in Sept.  I'd like to know what the plan is.  

Do you think someone would pay 50MM for that port as is?  


50mil as is... I would guess no as I think they have only sunk about 40mil into it. 50 mil today as is would be top dollar plus for a half completed project. 
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