- An interesting Canadian listed small-cap that offers two intriguing and very different ways to play the remarkable developments in Guyana.
- Corentyne block, (CGX 66.7% interest and operator) is wedged in, at the southern end of and appears on trend with, Exxon's Stabroek block (Guyana) and Apache's Block 58 (Suriname) discoveries.
- The company is also leading a high profile initiative to develop a deep-water port facility at the mouth of the Berbice river.
- Finally, the company is supported through a multi-tiered relationship with Frontera Energy, who as the largest independent focused exclusively on Latin America brings a lot of credibility to CGX ability to execute its ambitious business plan.
- For all of the above reasons I find CGX to be a share worth keeping an eye on for anyone interested in events in Guyana and looking for a potentially high-impact way to play these developments.
For further details see:
CGX Energy: Guyana's 'Indigenous Oil Company'