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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 Dirksidetrackon Jun 18, 2022 12:33pm
298 Views
Post# 34766770

I'm surprised

I'm surprisedWhy has nobody been able to explain where they got their borehole samples to confirm a discovery? No MDT or DST done. No borehole samples from there nor from any logs because from logs, you can only infer. They said that they had actual formation fluid, not inferred fluid. How is that possible? There's only one way that I can think of. I'll let the "experts" explain what that may be.

OK so the market is now discounting loss of political capital then how far will this sp fall? Seems to be valued much higher than a dry hole result because they actually confirmed light hydrocarbons with borehole samples at high pressure. C'mon you experts! Explain how for crying out loud!!!! Where are they? The pumpers should be explaining how. They don't have a clue. It also explains the cost and time over runs.

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