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 > A more realistic valuation of Corentyne block

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Comment by pdevrieson Apr 17, 2023 1:37pm

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Post# 35398817

RE:RE:A more realistic valuation of Corentyne block

Everyone is entitled to their own opinion.

Most of the blocks being offered are on the shelf not deep water. Different economics.

More relevant point for me from WTI Realist analysis is value of Corentyne block given information that is currently pulicly available and how new information likely to come from Wei-1 to change that. The numbers are not certainly not in the billions of dollars.

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