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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 SheDrillson Jun 23, 2023 11:03am
199 Views
Post# 35511213

RE:RE:RE:Kawa News Flow

RE:RE:RE:Kawa News FlowKawa took a kick during logging which is why they ultimately didn't get MDT data and core samples.  That's why it took so long to plug to the hole and release the rig = well control operations and likely hard to get the cement plug to set in that environment.

If their learnings from Kawa are truly helping Wei then we should see a quicker rig release here.  I shared the Kawa timeline just to temper expectations...myself included.

The tropical storms in the area might also be impacting operations.  I've heard Guyana has been pounded for 6 weeks by heavy rain.  It's not easy handling logging tools, rigging up & rigging down in that.
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