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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > 2 questions for this board:
View:
Post by Coloradobuff on Sep 09, 2024 2:43pm

2 questions for this board:

1. Does the port actually get made and how much revenue will it provide?

2. Will the company have to reverse split and raise money as they seem to have none left?
Comment by IceDog13 on Sep 09, 2024 6:30pm
The building of the port "should" be a no brainer. Did some research on where they were at with this recently and from what I can tell they have spent about 30mil so far on this project that will cost 80 mil (or more as time goes on). So still need about 50 mil to get this project done. This was poor research so if anyone has confidence of other numbers, I would concede to them. If FEC ...more  
CGX Energy Inc
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