CGX Energy Inc V.OYL

JUNE-18-2021: SURINAME LICENSING UPDATE

[OIL_RUN]

It would appear the Suriname shallow water blocks that are positioned directly adjacent to CGX's Corentyne licenses have been awarded to the following companies.


Block 5: Chevron
Block 6: Total & Qatar Petroleum
Block 7: Total & Qatar Petroleum


Clearly, this is becoming a big boys game. Perhaps a read-through as to which parties would be interested in buying into CGX's Corentyne license.

Link follows: https://www.reuters.com/business/energy/chevron-consortium-total-qatar-petroleum-win-suriname-oil-bids-2021-06-18/

[westcanpride]

This is fantastic news. Thanks for sharing Oil_Run. Definitely makes that Utakwaaka-1 exploration well (announced 2018 I believe) look much more attractive up-dip from Kawa-1 (NE Cornetyne), especially now that Chevron has a large chunk of land ajacent to it. Given the recent news from Suriname, perhaps some of the folks from Chevron and Total were buying up CGX shares this week? In any event, we

[ljmorin]

I'm thinking that was the leaked news that spiked us this week. All good though all good. I'd take this week any week!

[waitingstill]

I highly doubt that was the news to stir this kind of trading. Let's see what comes out hopefully Monday AM.