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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 Kelvinon Feb 01, 2023 9:05am
268 Views
Post# 35259007

RE:STILL HERE

RE:STILL HEREThanks Oil_Run, The man in the sand. Arena is Spanish for sand. Yeah who knows what will happen. Their presentation says that they'll TD the well with 12 1/4" hole. Starting with larger hole sizes gives them more options to get to target depth by running continguency casing strings or liners if they run into problems. So it's still a wildcat well. Yet 12 1/4" hole allows them to run larger perforating guns if they do decide to test according to "the collective". Things will get very interesting for sure.
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