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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 Dirksidetrackon Jan 07, 2022 10:22am
174 Views
Post# 34292639

RE:Just the song of a little bird..

RE:Just the song of a little bird..Everything is great Dfly, thanks for asking. I was just reading up on great horned owls in the Sonora Desert. They hang out on Joshua Trees. They have no natural predators other than other great horned owls. Reminded me of CGX. Got me thinking about valuations, buy outs, JVs, farm outs.

What if nothing happens without prior approval from powerful people in Guyana. I mean, the prize is the PPL. That's CGX's main asset. That can be rescinded in a heart beat if someone messed with CGX to try to take it from them. I don't think that CGX has any natural predators. Who'd want to piss off powerful people in Guyana? Anyway, making that assumption, I reckon we'll be range bound here on sp as profit takers reduce exposure and bulls buy up the dips. Close to TD now. They gotta be in the Santonian by now. Can they do a DST on an 8 1/2 open hole (if that's what it is) on an HTHP well? Anybody know?

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