CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc > drilling

<< Previous

Bullboard Posts

Next >>

Comment by BoykJurko11on Oct 26, 2022 11:21am

132 Views

Post# 35049800

RE:RE:RE:RE:RE:RE:drilling

Sporty, If it's a logging tool then it won't take long. Probably got stuck because of sloughing shale. Pull it out, clean up the hole, stabilize the hole, then log again. Yeah I'm pretty excited about Wei too! What really excites me is the fact that they must have really nailed down the geology to be able to streamline the well design to drill an over 20,000 foot well in 3 months. Wei is deinitely not a wildcat type well. Almost sounds like an appraisal well.

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle