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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 Investnowpleaseon Feb 14, 2022 10:22am
196 Views
Post# 34426101

RE:RE:CGX Energy Announces 200ft Net Pay For Kawa-1, Abandons 2022

RE:RE:CGX Energy Announces 200ft Net Pay For Kawa-1, Abandons 2022

Personally if i was the government, either you do you work on the block or you loose. Especially when your cash strapped to work this type of large scales play. They would no doubt auction it off for new revenues to another company for huge dollars. No reason for them to extend it. Dont think there would be sny reason that they couldnt farm it to someone with the means, other than the fact that farmie would know they have the companies of a barrel and take advsntage of that.  Tough position to be in. 


more interesting is they are taking forever to log and release results. Dont understand why. Shouldnt take this amount of time. Clearly way more going on than just wireline. 

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