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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 soulfireon Jun 17, 2023 8:58am
327 Views
Post# 35501616

Scrutiny

ScrutinyI think we are all over scrutinizing the company.
They are not perfect, none of us are.
Plug and abandon was always the plan , regardless of the outcome.
As for feet of pay, we already have 71. A lot of ExxonMobil discoveries are in this range or a little more, no one question when they call their's a discovery. 
The most important thing is this time the pay zones are in thick packages and as OCM pointed out  the pay packages could spread out over kilometers.

I do believe though the PR department needs an overhaul. 
We will have a commercial discovery IMO.

Happy Father's day to all of the dads on and off the board.
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