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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc
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Post by OIL_RUNon Jan 02, 2020 9:05pm
129 Views
Post# 30513468

JAN-02-2020: PROACTIVE INVESTORS, CARAPA ASSESSMENT

JAN-02-2020: PROACTIVE INVESTORS, CARAPA ASSESSMENT

A good article from Jamie Ashcroft from Proactive Investors.


"Typically fickle speculators have quickly latched onto the negative that, at only 4 metres, the Carapa well’s net pay was way below pre-drill prognosis (indicated that the well was possibly drilled in a sub-optimal location). But, confirmation that the premium and prolific cretaceous oil play is present in the Kanuka block has much broader and potentially more significant implications for Tullow and its partners..."




https://www.proactiveinvestors.co.uk/companies/news/909918/tullow-oils-latest-guyana-discovery-is-a-positive-boost-even-if-market-speculators-have-no-time-for-nuance-909918.html

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