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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 > I'm surprised
View:
Post by Dirksidetrack on Jun 18, 2022 12:33pm

I'm surprised

Why has nobody been able to explain where they got their borehole samples to confirm a discovery? No MDT or DST done. No borehole samples from there nor from any logs because from logs, you can only infer. They said that they had actual formation fluid, not inferred fluid. How is that possible? There's only one way that I can think of. I'll let the "experts" explain what that may be.

OK so the market is now discounting loss of political capital then how far will this sp fall? Seems to be valued much higher than a dry hole result because they actually confirmed light hydrocarbons with borehole samples at high pressure. C'mon you experts! Explain how for crying out loud!!!! Where are they? The pumpers should be explaining how. They don't have a clue. It also explains the cost and time over runs.

Comment by RightAngle45 on Jun 18, 2022 6:55pm
Maybe we will here from Oil_Run, he always seems to have a handle as to whats going on.
Comment by dragonfly454 on Jun 18, 2022 7:35pm
Yeah Dirk... This is a similar situation in video below...only thing is in this case it's capital and share price going down the vortex and the salt dilution will be the share dilution... Competence ...Trally's Revenge ..CFO got last laugh shorting this to Hades https://youtu.be/PcWRO2pyLA8
Comment by Dirksidetrack on Jun 18, 2022 8:06pm
Yeah Dfly, about the same time as Trally's selling someone posted (I wonder who Lol) I'm paraphrasing "Sandman calling shouting Pick up, pick up". Anyway I don't know the TMD or TVD to figure out which formation, nor do I want to know at this point. The market is obviously happy about something and not happy about something else.
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