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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 waitingstillon Sep 08, 2023 12:41pm
863 Views
Post# 35626396

RE:Lab Results

RE:Lab ResultsYes, it would seem to me that the most prudent thing to do, IF you don't have all the lab results back that you need to put out a decent NR is to NOT put out a NR. We have seen what happens when half a$$ news comes out. Let them figure out the oil quality and permeabilty results and then get our NR. We are all frustrated and impatient and justifiably so. Both companies should have done better for their shareholders and provided relevant updates to keep people engaged. Alas, we are stuck with these guys for now until we get some sort of deal. Praying for good results to be reported soon.

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