CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc > Second well of the Discoverer ALSO on Corentyne...

<< Previous

Bullboard Posts

Next >>

Comment by Rapsanion Sep 30, 2021 12:51pm

185 Views

Post# 33946345

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

If they drill 2 wells in Corentyne I would expect so another work committment change with the government agreeing, as they have in the past, so we do get an extension on Demera in lieue of exceeding committment on Corentyne. Or maybe what they see in Demera isn't as good and are willing to relinqish it... or a future JV partner said drill 2 where you are. After 20+ years I expect the unexpected with CGX.

<< Previous

Bullboard Posts

Next >>

How a junior advances one of the largest undeveloped diamond projects