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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 SportyJon Feb 10, 2022 3:01pm
146 Views
Post# 34417791

RE:Demerara Block

RE:Demerara BlockLj, you made a good post awhile back that Demerara will offset Joe & Jethro (heavy oil and high H2S). Is Demerara in the golden lane? Others can speak to prospective Demerara prospect zones that correlate to Liza, Joe and Jethro but I think CGX had identified 5 prospects there with maybe weak sauce seismic. In contrast Corentyne has a ton of defined 3d seismic prospects. CGX has so much on its plate with no apparent capital. I'm gonna channel WCP and I'm anticipating that Demerara may be lost. Whether material, not sure but not in my opinion. I think the sp dip is 90% lack of clarity in current and future capital needs (which includes JV) and 10% lack of clarity in definitive Kawa results. All imo.
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