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Bullboard - Stock Discussion Forum
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.
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TSXV:OYL - Post Discussion
CGX Energy Inc
> If Kawa were compeley dry
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•••
BoykJurko11
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Post by
BoykJurko11
on Oct 14, 2022 12:37pm
If Kawa were compeley dry
Then oyl share price would be zero. Love to see analysis from experts to counter that. But oyl current share price is not zero. Why not?
(16)
•••
Oregonduck
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Comment by
Oregonduck
on Oct 14, 2022 1:28pm
https://www.bnnbloomberg.ca/video/16-of-tsx-and-venture-stocks-are-zombie-companies-deloitte~1493138 There are full of almost defunct shell companies listed on the Venture Exchange. Zero revenue and virtually bankrupt. OYL has not provided any data such as flow test, porosity etc. on its Kawa-1 well. Prospective resources means "undiscovered oil" and not counted as reserves.
...more
(74)
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tiger77
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Comment by
tiger77
on Oct 14, 2022 1:50pm
Man, did your mom raise the rent of her basement that you need money so bad that you have to spew nothing but nonsense and bshat across the board? Kawa is and always was a test well targeting 4 different zones and they did just that successfully with good results. It was never designed to be a production well just and informational well and was wildly successful doing just that
...more
(40)
•••
BoykJurko11
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Comment by
BoykJurko11
on Oct 14, 2022 4:22pm
Yeah Oregon, they're listed. At 1 or 2 cents per share. Oyl at around 90. Why? Because they got something. So HP Sauce can't figure out what they have because you claim that they have no porosity data. BS. The mud loggers, who are geoligists, can and do figure out porosity from the cuttings samples that they collect at the shakers.But porosity in and of itself means little. You can have
...more
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