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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 SportyJon Nov 23, 2021 12:36am
436 Views
Post# 34155636

O for

O forDfly, that was one rough day at the plate. First the morning PR prediction backtrack post (w/ anticipated mkt reaction) followed by the lunchtime Sunshine post about drlg horizon 23 (to be done by Thursday) rounded out by the evening post about the Maersk Discoverer sailing off to Trinidad today because the contract ended yesterday (meaning Kawa-1 was TDd). Painful to see ya swinging at pitches in the dirt. But get some rest and go out there and get em tomorrow. JK I will attempt a bunt here. The 11/3/2021 Maersk fleet status report in bold (indicating a change from the 8/2021 report) does show Discoverer going to Shell Trinidad (dec 2021-may 2022) after Kawa. Then returning to cgx guyana jun-jul 2022. That timeframe matches a demerara shallower (40-45 days) drill than corentyne. It would also mean cgx got an extension on demerara. Don't put much value on this Maersk info but it is what it is. Lastly, it appears CGX cut the line on Shell Trinidad's drlg contract with Maersk Discoverer. This may have already been discussed but how did that happen? Is Shell our sugar daddy?
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