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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 Harel1976on Jun 13, 2023 1:41pm
208 Views
Post# 35494162

RE:RE:RE:Wei-1

RE:RE:RE:Wei-1No need to take things personally, we are just sharing opinions here.. 
24 meters at multiple secondary layers combind is not commercial for sure, that could be a bonus if the santonians deliver a big commercial discovery. 
But if the santonians will show hydrocarbon signs that confirm, as they say, their geological analysis of the block, thats another word for a duster and the well will be a duster.
After reading hundreds of releases and many cgx and fec releases i read a duster, have wrote the same about kawa when the sp jumped on the first release, was attacked here like its my fault, at the end they never admitted its not commercial and i predict they will act the same now, because if cgx's share will drop all this house of cards might follow..

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