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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 25, 2021 2:37pm
166 Views
Post# 33919458

RE:RE:RE:I guessed right!

RE:RE:RE:I guessed right!Okay you two smarty-pants (OCM and Dirk), what happens now?! ;) Great calls by both of you. I am impressed. Can you both provide insight into timing because they are already down 3000m in about 30 days. So 100m per day. But they are still quoting TD at early Dec which is at least 70-80 days. And TD is something like 6400m (I can not recall exactly). So timingdoes not make sense. Can you estimate from the 3D at what depth each target is? And explain what happens as they reach the target? Will they just drill right thru and test later or take their time while drilling thru? Any info is appreciated.
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