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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 6:36am
280 Views
Post# 34239639

Strategic vs Tactical

Strategic vs Tactical A strategic opportunity from the perspective of CGX is not one to take a well to TD but one where a serious player is brought in to take this to the next level..so Level Up ... A tactical move would be if there was just some minor indications and they wanted to push beyond TD to Turonian then any investor willing to "bet" may suffice ..but with "strategic" being in the wording I'm reading it to mean an investor that brings more than just $35 million to the table to push this to 6685 meters ..this is the "strategic" move ..some of us so long in this can't handle positive news without being overly cautious...anyhow ..just a little heads up ..in my opinion the Campanian is just the tip of the oil-berg .. reservoir quality and seals going deeper fully derisked and the quantity of accumulation only gets better...what is in the NR is the shadow of what is happening behind the scenes...as CGX positions and bargains "strategically" to move this Little Juggernaut into the future..expect more snippets of info relating to financing as agreements are reached..right now the rig smart board is focused on safety/environment and the posture is Oil Struck.Anyways we catch up this evening.Cad $3.00 today ..
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