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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 BoDidley5656on Jul 26, 2022 2:16pm
269 Views
Post# 34851614

Kawa vs. Wei

Kawa vs. WeiWell Miftee9 you sound a little mifted.   Firstly, I did make out quite well and bailed at just over $3.  Sorry to pop your bubble.   It is worth a quick review of my previous posts as it all came fairly close to the truth.    At the risk of rattling you further, what I can say is (after putting the incompetant management aside for now) there are a lot of folks who still continue to believe that the Corentyne block is just like the Exxon block.   It is not.   As I have said before, the Corentyne block resides further up the paleo-depositional slope so the thicker and higher quality sands that are present in the Exxon block by passed the Corentyne block and travelled more distally (further down slope) to the basin floor area in the Exxon Block.  Now whether you beleive this or not, I frankly dont care, but don't be surprised if the Wei-1 well finds some thin ratty oily sands just like Kawa and is another $130mm sub-commercial technical discovery.   The big operators that went into the CGX farmout room to see the data also think the same.   So, not that you asking, but be careful so that you do not come across even more bitter.   
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