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.

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CGX Energy Inc > The neighbors have oil (appraisal)

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Post by oldcompanymanon Oct 27, 2021 3:05pm

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Post# 34055780

The neighbors have oil (appraisal)

Folks,

The neighbors are apparently burning a large fire right now (I had stated that most exploration wells are not tested nowadays but obviously appraisal wells need to be tested).

That the fire on the burner booms is seen to be large means that the flowrate of hydrocarbons is good, no further information available at this time but it looks like their "similar" reservoir to ours delivers pretty decently.

GLTA,

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