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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Port/Wharf
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Post by Devanand1 on Dec 04, 2020 8:11am

Port/Wharf

I have listened to  Guyana’s President speech to the Guyana Manufacturers and services association yesterday and it is clear that the port/wharf/harbour  in Berbice is one of the main infrastructure project  for the country moving forward.  The government seems very committed to this posrt as it is mentioned in almost every major speech that is given.
Any port build would not only be servicing the oil industry but also would be servicing the needs of Brazil as there will be a new road built from the port all the way to Brazil. Although this is a non core activity, I would say that it looks good for CGX. 
Comment by AnMar on Dec 04, 2020 12:06pm
Like I said long ago, the port is a project for the Government not CGX. The port will be a huge benefit to the country not just the oil explorers/producers. CGX doesn't have the money for such a project and should give up on that fantasy. Since when do Oil E&Ps build shipping ports? Lots of backslapping and Koolaid going around here, enjoy.
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