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.

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CGX Energy Inc > Bounce

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Comment by SheDrillson Nov 06, 2022 11:47am

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Post# 35077264

RE:RE:RE:RE:RE:Bounce

They already found more than 100 MMboe...likely need more than 200 MMboe for a stand-alone and I think they found that too based on pay height & closure area for Kawa. The issue we have is that they haven't published it...they stated they would update reserves assessment after Wei. Next week I'm going to try to convince them to update here considering Wei might not be finished until into 2023. If they can move any reserves into the "probable" category...I think they will. Oil Run...care to comment?

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