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CGX Energy Inc CGXEF


Primary Symbol: V.OYL

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.


TSXV:OYL - Post by User

Post by Harel1976on May 10, 2024 8:45am
177 Views
Post# 36033125

Eco atlantic - orinduik

Eco atlantic - orinduikA farm out is in its final stage, i can't say if its orinduik or walvis but my guess is its orinduik.

when news lands it's going to be big, according to gills statements its exactly the timing he predicted two months ago, he also said they are going to advance the farm outs with the best of the best, that means majors.

orinduik is 3d covered, drill ready, and if its exxon, then already holds 300m boe with 250m barrels extra at jethro channel to appraise for development with hammerhead.

eco is going to be left with 20-40% WI, thats a lot of value to add to a nearly 0 value orinduik holds in the sp, and massive catalysts creator to add to the coming wells in 3b/4b and a walvis farm out.

i think the first step will be the return to the 22-24p range on a farm out.
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