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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 SportyJon Dec 05, 2023 1:42pm
267 Views
Post# 35769471

Who is Lying?

Who is Lying?Management or the rock?  After two wells, management has given us their view on the rock.  The Santonian which kicked their a*ss in both wells is now deemed oil but low porosity and permiability. The Campanian is high porosity but low permiability oil in Wei and gas condensate in Kawa.  The Maastrichtrian is high porosity and permiability but only 13' wet in Wei and 68' gas condensate in Kawa.  Where exactly within N Corentyne does the Maastrichtrian thicken with oil?

There are only a handfull of companies that can be a potential buyer or farmdown partner for N Corentyne.  Our Waffle House (open 24/7 365) of a data room should have already hosted those companies.  So now the management teams turn to HL to field "inbound expressions of interest".  Like HL is going to magically find a suitor that didn't already know about Guyana or hadn't already had been to the data room for 3 flap jacks w coffee?

The rock doesn't lie. Management has given us their thoughts on the rock. So is the rock or is management lying?

Please correct me if something above is in error but that's my opinion and only my opinion. Glta


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