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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 Dec 17, 2021 6:21am
270 Views
Post# 34239626

Active petroleum system

Active petroleum systemhttps://glossary.oilfield.slb.com/en/terms/p/petroleum_system That speaks to being in place and functioning ..at this time I would even dare say it should imply being worth extraction..going with the word"active"..anyhow I prefer to be optimistic ..so if you guys want to be tempted into repositioning be aware this could also be part of the psychological shakeout ..me I'm holding and trying to buy some more ..
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