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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 ljmorinon Sep 24, 2021 3:19pm
244 Views
Post# 33915182

RE:RE:QUESTION

RE:RE:QUESTIONI see one major differance between that rights offering and this one. That is we didnt even know if would be able to keep our concesions at the time.
Now, we are in the middle of drilling a well with 3 zone potential  sandwiched in between a few of the biggest discoveries ever in the derisked area with many of the same geological formations.

It may hover lower but I suspect it will be at least 2$  minimum towards end of October. 

Leaks will start to come out and its not if it when.
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