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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 waitingstillon Jun 25, 2023 10:13pm
255 Views
Post# 35513954

Where do we stand?

Where do we stand?I found this on Oilnow. Look at the length of wells which make up Exxon's 11 billion barrels of oil. If we can get even to 200 feet we would be in the top half of offshore wells. Even with just 200 feet. And we already have 71 feet confirmed.

Furthermore, they stated explicitly that Santonian findings were consistent with pre drill expectations. That means if Santonian was not good, then they would have had to announce it by now. So the question is not IF Santonian is good but HOW GOOD is Santonian?


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