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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 westcanprideon Dec 21, 2021 1:00pm
335 Views
Post# 34251073

Answers will come quick for management

Answers will come quick for managementGiven Kawa-1 is ~90% drilled to TD, upcoming Horizon 23 will actually only take 1-2 days maximum (even at 5m/hr drilling speed) to drill once they start again. 

If management is truly enganged in JV discussions, the external partners will know this basic information as well and will want to see the updated well-logs ASAP. 

My guess is they have started drilling again and are seeing some positive results in Horizon-23, and hence the quick up-tick in share price over the past 1hr! Let's hope they blow this bast*rd off the charts over the next couple days before Xmas break. 
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