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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 > CGX & Kawa-1 Well
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Comment by AnMaron Dec 14, 2021 8:02pm
186 Views
Post# 34231094

RE:CGX & Kawa-1 Well

RE:CGX & Kawa-1 Well
BoDidley5656 wrote: It seems some investors are grasping reality.  It is irrelevant what you think this investment is worth!  Here´s why.   This is an exploration well and by definition it is speculative and you are rolling the dice.   Also, for all who are using the Exxonmobil block as an analogue then I would suggest you look eastward in suriname where Total/Apache has made 3 big discoveries of similar age.   The well we have all invested in apparently has a different reservoir age and depth than the Exxon fields. So trying to calibrate your investment thesis using Exxons block or the so called golden lane is FLAWED.   The well is more updip than the Total wells and will encounter thinner sands.   Kawa will find oil but it will be subcommercial.   Trying to help!!


I would have to agree with BoDiddley.
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