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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 tiger77on Jan 31, 2022 7:13am
346 Views
Post# 34377477

RE:Any update on activity around the Rig?

RE:Any update on activity around the Rig?Nope, still at anchor and supported by Breaux, Polaris, and Enav.  Pacific Dutchess (anchor handling vessel) is gone so they are still drilling ahead clearly.

Patience is needed but I wouldn't want to be on the sidelines at this point.  Look at Apache for reference.  Halted for news on a JV, week later released huge results and the SP doubled to $30.  While I don't have any false hopes that we will hit $30 on this go around a double up or more puts us into the $5 or more range which is a nice place to  be!

Hold on, grab your seat, do not let them have your cheap shares you've held this long and GLTA the longs!


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