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 > GEOLOGY

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Comment by AnMaron Oct 07, 2021 8:15pm

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Post# 33986900

RE:GEOLOGY

CLOUDER wrote: WELL, what if the oil just got SQUISHED out deep? you know OFF of the contenental shelf. There is a lot of weight on it from the contenental shelf,maybe this is why there has been no economical oil on the shelf. i know that this is a very simple explanation, but...........

Haha, what if you actually knew what you were talking about?! Squished out deep.... funny guy

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