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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It 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. It 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.


TSXV:OYL - Post by User

Bullboard Posts
Post by pathfinder8on Dec 23, 2019 1:44pm
121 Views
Post# 30484630

Catman, you say APA are wasting money drilling further

Catman, you say APA are wasting money drilling further on Maka central 1.  No wonder their stock rallied from 17 two weeks ago when you pointed it our to 26.75 just now. the action is all in deeper water according to the Cat, mark it down. so this part of the PR below attached is a little fib i guess designed for which purpose do you suppose. 

Maka Central-1 well status
“Apache and Total are encouraged by the preliminary information and test results from the two upper Cretaceous play types encountered thus far,” added Christmann. “Deepening and testing operations continue at Maka Central-1. Following the completion of these activities, the rig will be moving to the next location. When the companies are prepared to fully characterize results of Maka Central-1, additional information will be provided.”
Bullboard Posts

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