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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 Apr 05, 2022 9:21am
199 Views
Post# 34576108

RE:Update on discoverer

RE:Update on discovererTaal, all good man no worries.  The question I would have is how long, or how old is the information that they are calling out from CGX.  If the answer is "it was a phone call we had last Friday with someone at CGX" that's one thing but if it's like the maritime notice fiasco then they very well "ARE" using information from the company it just happens to be information that is months old and likely to change.  Boy did I learn that one the hard way with that one as I was sure they were done drilling because the notice said so only to find out that is was information submitted with the original contract which was subject to change.  It was still information from the company it was just dated information.  If there are folks in country that would be the question I'd ask.  Was this information the company just provided to you or was it older information that they are just putting out now but is / was subject to change?  That is where the truth will be I think
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