CGX Energy, Inc. engages in the acquisition and exploration of oil and natural gas properties. The company is headquartered in Toronto, Ontario. The company 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. The company 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.
Follow-Up Questions
What is the price performance of CGXEF stock?
The current price of CGXEF is $0.1242, it has decreased 0% in the last trading day.
What are the primary business themes or industries for CGX Energy Inc?
CGX Energy Inc belongs to Energy industry and the sector is Energy
