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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Comment by waitingstillon Nov 08, 2021 1:58am

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Post# 34098447

RE:RE:RE:RE:What is

How could Repsol not be prepared for that? I thought they were a top notch company. Seems like if you anticipated 21 ppg, you should be to tackle that. They spent approximately $210mil on that hole. Almost put CGX into the graveyard and opened the entry point for PRE to come in and essentially taking over the company when that hole got messed up. Do you think that was poor planning? Or just something that could happen to any good company?

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle