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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 Oct 26, 2022 10:07am
151 Views
Post# 35049439

RE:RE:RE:drilling

RE:RE:RE:drillingSoul, fair enough. It's not necessarily about making mistakes (although it can be). You think our team is better than Shell? Lol. To answer your questions and Dirk and others are more qualified: common no but wellbore conditions dictate and fishing operations can happen for a variety of reasons. My guess here is Shell is trying to retrieve a radioactive logging tool. Not good. As for who pays depends on the terms of the drlg K. But I'm 99% sure in this assumed case the operator pays not the driller. In summary drilling challenges happen and thus the risk of this industry. Drilling was a problem with kawa and I'm hopefull Wei will go better. Take care soul.
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