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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 waitingstillon Sep 01, 2021 4:43pm
190 Views
Post# 33796045

RE:RE:RE:RE:RE:RE:RE:Re Dirk

RE:RE:RE:RE:RE:RE:RE:Re DirkDirk - I agree with previous posters. Can not really put a value on this as there are too many unknown variables just yet. Plus, it is a speculation stock and will run up or down on speculation as opposed to fundamentals. 

But your previous post shows that your experience could be very helpful to us non-O&G types. I personally did not know that the spud is one of the more risky points in the drill process. But you previously pointed that out. And I am sure there are other risky parts of the drilling process. Based on timelines and what little bits of info we can get out from this drill, perhaps you can keep us informed of your thoughts on what might be happening. Especially if we get interim updates (highly unlikely with a group like those running CGX). 

Anyhow, some good posting. Let's hope we get some more positive speculation as we move forward.
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