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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 Miftee9on Feb 14, 2022 10:38am
204 Views
Post# 34426167

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

RE:RE:RE:CGX Energy Announces 200ft Net Pay For Kawa-1, Abandons 2022I understand they have at least 20+ targets in their lease that has Kawa.  So what if they lose Demerra?  Nobody is pricing it in as we speak anyway.  They have more than enough on their plate with the existing lease.  It would be better if they could keep it, but I rather them spend their time and money on this lease where they have a better opportunity to exploit their existing finds.  I think at this point Demerra is just a distraction for a company of this size.  GLTA.
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