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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 waitingstillon Jan 01, 2022 3:26pm
249 Views
Post# 34276397

RE:RE:RE:RE:RE:Re Ai Algorithm predictions

RE:RE:RE:RE:RE:Re Ai Algorithm predictions Hooray, don't get me wrong. I clearly much prefer 1 billion over 300 million if we so fortunate to have a great find. My point was that the primary objective is to prove the system is full and sign a JV like Total gave to Apache worth billions of dollars. Part of that JV value will be on this hole but my understanding is that typically an appraisal hole will be needed to clarify how much oil is there so an incoming JV really needs to know there is a lot of volume of high quality oil. Not sure if they need to know the specifics for this one drill as they are also buying into the rest of the block (hopefully D as well). Personally a buyout using another company stock would work better for me as taking another company's share would mean I would not have to pay taxes on my winnings now but could drain it out over years if it is a major. But beggars can't be choosers and I would go any way as long as the values gets to OIL_RUN's projections of a min $7.5 USD. :)
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