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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 soulfireon Jun 22, 2023 10:05am
127 Views
Post# 35508946

RE:Suresh

RE:SureshI think the drilling team is doing an excellent job and very safely too...
Schlumberger needs to update their tools so they don't get stuck or use alternatives.
My take is they are doing everything they can so not to leave anyone doubts after they release the results.
WCP you have worked in the industry and should know of the complexities when drilling offshore wells, I believe you stated this fact in previous posts, and now High School kids can do it?
I let my son know he can apply for a position as a drilling engineer as soon as I get home LOL
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