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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CGX Energy Inc > No one's brought this up yet: lost injury time

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Post by Rapsanion Dec 16, 2021 1:21pm

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Post# 34237571

No one's brought this up yet: lost injury time

The release states: "The Joint Venture is pleased to report that drilling operations have recorded only a single lost time injury since August."

What does a lost time injury mean? Paper cut and stopped 5 minutes to put a band aid on lost a hand and drilling stopped for a week while it was investigated?

My thinking is if it was significant that could explain some of the delay. Hope our rig/oil experts could shed more througts.

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