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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 westcanprideon Dec 29, 2023 1:41pm
175 Views
Post# 35804273

RE:RE:No leak is coming…

RE:RE:No leak is coming…

Don't worry Kelvin, the companies evaluating northern Corentyne will have educated and experienced geologists and geophysicists looking at the data. Unfortunately, CGX does not have the same quality of talent as for whatever reason the past two subsurface experts they had left the company. Frontera still has their technical staff, but I think very little of them given their public comments. 

All we can do is hope Houilian Lockey will pull off a miracle for us and generate some sort of a bidding war for the block. In the meantime, guys like De Alba, Suresh and all other senior management sit around collecting pay cheques and do nothing. Guaranteed, no one be asking these losers their thoughts on how to optimize an appraisal and eventual development plan going forward. 

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