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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

Post by Ermospon May 08, 2022 3:25pm
381 Views
Post# 34665539

Hopes for tomorrow?

Hopes for tomorrow?

Guesses for tomorrow

33% - data worse than initial analysis and either no news of financing or bad terms: SP goes below <$1
33% - data aligns with early projections, no financing terms announced: SP at ~$1-2
23% - data aligns with early projections and frontera announces loan for financing rest of wei at $2.5 SP: SP $2-3
10% - something meaty about JV announced: $3-4 or higher depending on news

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