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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 Feb 29, 2024 12:45pm
135 Views
Post# 35906887

RE:RE:EMAIL BLITZ

RE:RE:EMAIL BLITZ

1) Prospective resource estimated for all northern Corentyne stratigraphic horizons. 

2) conceptual development plan that actually outlines how many additional appraisal wells are required before an FID can occur. Once FID occurs, how many productions wells would be required to produce oil? What would a stand-alone FPSO cost (provided none of the fields could be tied in one day to a adjacent development Exxon is doing). 

3) meaningful status update on the port (ie, how much money is still required to help finish the bloody thing and finally make it operational). 


Anything less than meaningful text/updates around the three topics above would be useless for the investment community. I don't care that they might be in negotiations. Everything above is very meaningful and material to the valuation of the company. We should know what this information is. 

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