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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

Comment by Ermospon Dec 17, 2021 2:05pm
225 Views
Post# 34241529

RE:RE:RE:RE:RE:RE:RE:RE:Active Petroleum System

RE:RE:RE:RE:RE:RE:RE:RE:Active Petroleum System

I don't discount that and your assessment of it at all. It does sound quite possible. What I'm noting is that the wording in the NR does not give much clarity and has been used to describe dusters as well as producing wells before.


We can make all sorts of inferences about timeline - positive and negative (e.g., maybe they faced a drilling situation they didn't have gear for and had to wait for resupply). But they're just that at this point, inferences. It's like watching a movie where the script doesn't properly explain the character's actions and we have to fill in their motivations ourselves. Sure, we can write in great ones, but if they want us to be sure of it, they could have written a better script.

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