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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.


TSXV:OYL - Post by User

CGX Energy Inc > From the other CGX BB
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Comment by tiger77on Dec 02, 2021 8:29am
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Post# 34189056

RE:From the other CGX BB

RE:From the other CGX BBWhile I am not an engineer, professional, or even have anything to do with drilling just google what it means to skid a rig (here's a 2 min video) and tell me if you honestly believe that is what's happened or happening because I don't.  That is just my two cents for what it's worth but for those of you that don't want to watch the video it basically means shifting the rig over and drilling a new hole.... Not happening!

https://www.youtube.com/watch?v=7zWbYBJVSeg

Again just my two cents
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