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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 tiger77on Oct 22, 2021 2:10pm
256 Views
Post# 34038372

RE:RE:So let's hear everyone's thoughts?

RE:RE:So let's hear everyone's thoughts?

So I thought the call was really good.  I certainly wasn't expecting them to give out any information that was confidential so looking at it outside of that lens I thought it was pretty good and informative.

I also found it interesting that they would elaborate further on COS or size they were going after but she did say that all the characteristics were the same as block 58 but with an even greater chance of more pay.

My gut tells me that they probably think the COS is very high but don't want to put a number that high out to the public as it would open them up to scrutiny should it not work out.  I believe they are keeping their cards very close to their chest for a reason and it should be very interesting to see or hear what those reasons are when they are finally announced.

Happy to hear basically that they were ahead of schedule for lack of a better term but also set the stage that they may slow down as the well goes deeper.

All in all I thought the call was great, took the full amount of time rather than shutting it down early, the presenters were very good, certainly looked confident and it's a roll of the dice.

Holding strong till the end as I think we will be rewarded on this one!
 

GLTA!

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