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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 westcanprideon Jun 30, 2021 4:02pm
283 Views
Post# 33474689

RE:RE:RE:RE:CGX agm

RE:RE:RE:RE:CGX agmRapsani,
1. At this point, September will be a likely timeframe
2. logging in 3 intervals... means they will do three different logging runs once finished drilling, as the cannot fit all the tools one only one borehole assembly (BHA). Very typical. 
3. Joke. Means all companies are calling Frontera's bluff and not giving into their demands. Some negotiation tactics on their end. Now its all or nothing. Catalyst Captial (the funding partner for a large ckunk of Frontera) is finding it out the hardway that oil and gas business is very different from other sectors. There total investment in Frontera has been a utter failure thus far and they are now OK with a $100+ million dollar plus gamble with Guyana. Wow. 
4. Q3 2022.... this port is a joke. Real companies have money going into construction, etc. These guys have been talking about the port for years. Would have been nice to have a JV partner with excess cash to get this port moving forward on time. 
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