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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > Kawa drill - Maersk Discoverer is moving
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Comment by ShooterMcGon Jan 17, 2022 11:13am
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Post# 34324439

RE:RE:RE:RE:RE:Kawa drill - Maersk Discoverer is moving

RE:RE:RE:RE:RE:Kawa drill - Maersk Discoverer is movingTiger, you might turn out to be right, but it's not common to go back to a wildcat deepwater exploration well to do futher analysis. So they are most often abandoned.

I just want people to know that if the well has been abandoned it is not neccesarily a bad thing.

The important piece from the NR will be from how much pay there is, not the final state of the well.
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