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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

Post by Mat1791on Apr 27, 2023 1:15pm
384 Views
Post# 35417394

Big Picture Napkin Fun...

Big Picture Napkin Fun...So, $1USD for port...(assumption)

$0.21USD for potential BOE

Assume $3.5USD BOE ($2 - $6USD)

Therefore .21 X 338,000,000 = 70,980,000 / 3.5 = 20,280,000 BOE / 32% = 63,375,000 Total BOEs

So...

Total BOE = 250,000,000 = $1.83USD or $2.56CDN

Total BOE = 500,000,000 = $2.66USD or $3.72CDN

Total BOE = 750,000,000 = $3.49USD or $4.88CDN

Total BOE = 1,000,000,000 = $4.31USD or $6.04CDN

Just some fun to chew on until numbers come out, rather than those micro managing every hourly cent change...
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