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.

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CGX Energy Inc > CGX agm

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Comment by Rapsanion Jun 30, 2021 3:49pm

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Post# 33474602

RE:RE:RE:CGX agm

What a let down was my initial though. After I thought about it more, I focussed on the facts:
1. Rig will arrive in Q3 with 1 day to anchor
2. Logging in 3 intervals .. my take is drilling 3 distinct areas with one drill
3. Data room is not active (which I believe means won't consider farm out, etc until after the results, thus we are going at it alone with FEC)
4. The Bervice port phase 1 will start operating in Q3 2022; phase 2 (containers) will start operating at end of 2023. Question was asked on projected revenue and they said they have a business case but won't share that info.
5. No comment regarding the 2nd well, as of yet.

I think all the motions they recommended passed. Would like to see the results through.

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