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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 Apr 03, 2022 3:20pm
264 Views
Post# 34571407

RE:RE:RE:Drilling of Wei-1 well to begin in May – CGX

RE:RE:RE:Drilling of Wei-1 well to begin in May – CGXIt was I that stated Liza 1 was a producer. Based on https://youtu.be/5ovzH3f3iQ4 which is an amazing recap of Liza by Linda Price of Exxon. About the 37 min mark an Exxon map shows Liza 1, 2 and 3 as producers. However after privately messaging with smart people on this board (you know who you are) we determined that the map was most likely wrong and that Liza 1 disc and 2 & 3 appraisals were P&Ad. 2 was DSTd and can't remember about 3. Bottom line my guess is Wei 1 is targeting a new field and not an appraisal of Kawa so imo it will be p&ad. Hopefully will get a full suite of info on Wei vs what happened with Kawa. All imo.
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