CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc > 197ft at Bluefin

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Comment by Zibo510on Mar 16, 2024 2:10pm

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Post# 35936652

RE:RE:197ft at Bluefin

I am pretty sure that Exxon did a DST and flow test prior to releasing the results and have appraisal well activity planned.

That's the big difference between CGX wells which haven't flowed a barrel and all their reserve estimates have the words may contain and subject to further appraisal activity in their NR's.

I am surprised that CGX stock didn't get a lift due to the close proximity to Blue Fin.

Maybe a delayed reaction to come?

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