CGX Energy Inc. (V:OYL)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 333 Bay Street, Suite 2400 TORONTO ON M5H 2T6 |
| Tel: | N/A |
| Website: | https://cgxenergy.com |
| IR: | See website |
| Key People | ||
| Suresh Narine Executive Co-Chairman of the Board | Gabriel de Alba Co-Chairman of the Board | Daniel Sanchez Chief Financial Officer |
| Michael P. Stockinger Vice President - Operations | Tod Durkee Vice President - Development | Kevin Lacy Drilling Director |
| Business Overview |
| CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CGX Energy Inc revenues was not reported. Net loss decreased 68% to $3.2M. Lower net loss reflects Interest expense decrease of 86% to $567K (expense), Indirect revenue from farm in partner increase from $1.1M to $2.3M (income), Professional Fees decrease of 58% to $860K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.03 to -$0.01. |
| Employees: | 48 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $97.54M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.70M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.40M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$7.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 338,549,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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