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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 > Shell,
View:
Post by ljmorin on Mar 30, 2022 4:54pm

Shell,

Well if indeed the article is correct, and it seems these statements were issued to them by CGX/ Frontera, and we Spud with the Discoverer in May instead of Shell keeping her up in T&T maybe there is something up with this?
I understand Shell was in the Data room as well recently. I can't confim that  guess we will see.
lj
Comment by westcanpride on Mar 30, 2022 6:07pm
As many probably know, Shell famously backed out of the Stabroek Block in 2014 prior to the drilling of Liza-1 in 2015. https://oilnow.gy/featured/we-didnt-realise-the-significant-potential-of-stabroek-block-says-shell-vp-exploration/ Obviously Shell has regret (who wouldn't) and it is enough for them to buy back in Corentyne? Other than the obvious companies (Exxon/HESS/CNOOC & Apache ...more  
Comment by SportyJ on Mar 31, 2022 12:53pm
Lj, so we can confirm that you understand Shell was in the Data Room but we can't confirm Shell was in the Data Room? Is that about right?
Comment by ljmorin on Mar 31, 2022 1:10pm
I guess I didn't actually see them in there going over data with my own eyes there sporty. But I believe I do have a reliable source. And also why wouldn't they  be looking at data in and adjacent to by far the hottest basin in the world of which they also have previous drilling knowledge? Kinda makes sense don't it SMRT A$$ lj
Comment by SportyJ on Mar 31, 2022 1:18pm
Fair enough Lj. I posted way back on 11/23/21 about Shell and it's relationship with CGX re Shell's drlg K with Maersk Discoverer. Was actually chatting with WS about Shell back when WS was cordial. Lol. Best of luck lj.
Comment by Ebenizer3 on Mar 31, 2022 7:10pm
"Here's ur sign": https://www.upstreamonline.com/production/shell-starts-up-gas-production-on-colibri-project-offshore-trinidad/2-1-1194499 looks like shell is wrapping up in T&T
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