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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 Dirksidetrackon Oct 06, 2021 3:32pm
160 Views
Post# 33974733

RE:RE:RE:COMMON SENSE ***********

RE:RE:RE:COMMON SENSE ***********Why the either/or binary choice Clouder or Oil_Run. Both are right. Clouder playing fear to get in cheaper, Oil_Run not pumping the stock but actually posting material facts that support the stock. Old Company Man supporting on a technical level. OCM believes that this is not an HTHP well. That is key!!! If they find commercial oil in non HTHP then opetating expenses go way down and operating income way up. Think! How many bbls per day production is required to justify current market cap? What maybe 30,000 bbl per day? Peanuts. But that's what sp is saying that they have.
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