CGX Energy Inc.

CGX Energy Inc. is a publicly traded (TSX-V|OYL) Canadian oil and gas exploration company that is focused on exploring the Corentyne block in the productive Guyana Basin. The company has been active in this region since 1997, with significant success in its exploration efforts. In 2021/2022, CGX achieved a major milestone with the successful drilling of its operated exploration well, Kawa-1, which discovered 228 feet of condensate and light oil pay in multiple intervals, confirming the working petroleum system in the northern region of the Corentyne Block. This significant discovery has helped de-risk CGX’s exploration portfolio and has positioned the company to drill its operated Wei-1 exploration well in the fourth quarter of 2022. The Wei-1 well, located west of the Kawa-1 discovery, is strategically positioned near other major commercial discoveries, indicating the substantial potential of the Corentyne block. Additionally, CGX is actively involved in the construction of the Berbice Deep Water Port, a key infrastructure project that is expected to further enhance its operational capabilities in the region. With a strong focus on a proven petroleum basin and successful exploration endeavors, CGX Energy Inc. is well-positioned for further growth and has the potential to offer attractive investment opportunities in the energy and oil and gas sectors. As the company continues to make significant strides in its drilling activities and infrastructure development, it presents an intriguing prospect for potential investors looking to capitalize on the promising exploration and production activities in the Guyana Basin.