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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

Post by dragonfly454on Nov 22, 2021 1:03pm
352 Views
Post# 34153532

So let's look at this

So let's look at thisFrom Maersk's perspective..if they strike oil and they have a known/ fixed sailing time and Spud date in Trinidad..why hurry and you can take your time and make money drilling at day rate ..after all if the company is happy with the strike they wouldn't mind you being "cautious and safe" going the full timeframe as opposed to blowing through to TD when there is no strike after all then you look to save the client some money and look efficient so you get a next gig for the rig..lol psychoanalysis creeping in now..thoughts DirkEinstein? What's the Freudian explanation? lol
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