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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Liza 1
View:
Post by SportyJ on Mar 06, 2022 10:07am

Liza 1

Liza 1, the epitomy of a "deepwater frontier exploration well", produces oil right this second. It wasn't P&Ad.
Comment by ShooterMcG on Mar 06, 2022 11:06am
Can you source this fact? I can find nothing to suggest this is true.
Comment by ShooterMcG on Mar 06, 2022 11:09am
If you want a good timeline of the events then I suggest you read this: https://www.nsenergybusiness.com/projects/liza-oilfield-stabroek-block-guyana/#
Comment by Harel1976 on Mar 06, 2022 12:17pm
The p&a is not the smoking gun, its just one more indicator to the allready obvious to any investor with years of experience in the industry- kawa-1 is a failure!!!! Its not a total failure but the good news from kawa were allready known by the industry. Take carapa with a non commercial light oil discovery, you think tlw's investors would fall for such manipulation if tlw would try to ...more  
Comment by ShooterMcG on Mar 06, 2022 12:45pm
What were your expectations from Kawa? The well was designed to do was to find oil, and it did.
Comment by Harel1976 on Mar 06, 2022 12:57pm
My low expectation was a commercial discovery of 250m boe.
Comment by SportyJ on Mar 06, 2022 1:09pm
ShooterMcG, many many shareholders are surprised with the P&A news. Some here, on ST, and even CGX state that was the plan from the beginning. I wasn't aware of that and would appreciate a fact source check on that. Was it disclosed in a presentation, conf call, zoom call, NR or elsewhere? As for the Liza 1 being a producer, ck your inbox here shortly.
Comment by waitingstill on Mar 06, 2022 1:34pm
SportyJ - you weren't able to find it in your laundry hamper? That's too bad. Maybe it is in plain sight on your kitchen counter? Keep looking. I am sure you can do it. I have faith in your intellectual prowess.
Comment by SportyJ on Mar 06, 2022 1:53pm
As suggested, searched in the garbage and found you, Professor. Lol
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