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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 Jan 23, 2023 2:04pm
197 Views
Post# 35240314

RE:RE:RE:Interesting quote in today's PR

RE:RE:RE:Interesting quote in today's PR
WCP, thanks as always my friend. Correct me if I'm misunderstanding. You're saying that kawa, Wei and the central complex are all separate reservoirs/fields. And in and of themselves are potentially uneconomic to develop stand alone?  So would they be economic under your tie back scenerio with one fsbo?  I understand without reserve estimates this puzzle is very hard to solve. Maybe I should go back to the simple premise and trust that FEC mgmt wouldn't spend more big $ after bad. Doesn't make sense. But I've never been able to use OPM. Always appreciate your perspective WCP.  GL
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