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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 oldcompanymanon Sep 30, 2021 11:35am
251 Views
Post# 33945914

RE:RE:Second well of the Discoverer ALSO on Corentyne...

RE:RE:Second well of the Discoverer ALSO on Corentyne...They may always see some hydrocarbons given that it's an area where HCs have been found and here and there they may drill through some HC-bearing layers while "en route" to the target reservoir, but they cannot be seeing any commercial hydrocarbons at their current depth because it would have been apparent on the seismic.

So, in short, the information regarding the second well being also on COrentyne must be decoupled from what they are seeing right now.

Nobody here would be surprised to read that they probably know stuff we do not...
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