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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. 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

Comment by Ebenizer3on Jun 26, 2021 2:22pm
232 Views
Post# 33456377

RE:RE:RE:RE:Its a hustle

RE:RE:RE:RE:Its a hustleyeah, management don't exactly give u that warm and fuzzy feeling. Hav to wonder why in the hottest basin on the planet doesn't hav a jv, my guess is there negotiations are on the rich side. If the 3d derisked it or 3d isn't as good hoped. Noticed the rig contract dropped the option for demerara which is a good thing, don't really want any part of that 11' api sludge that they found in the Jethro. The 20 d avg would be more likely pre spud, at this point might as well take the chance, if they hit that gives them a lot more leverage, my 2 cents I would rather hav someone that's already been operating like total. Hopefully frank is hooking up his jon boat and dragging it to the kawa1 as i type. Because shell is nxt up in the que and they hav a bigger boat lol. At least will hav news shortly. and hope managment hav there ducks in a row. Good luck
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