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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore... see more

Add To Watchlist

TSXV:OYL - Post Discussion

CGX Energy Inc > Delay

View:

Post by jtdd on May 31, 2023 2:05pm

Delay

WCP, how do you know they haven't started drilling again yet?

165

Comment

Comment by Kelvin on May 31, 2023 2:50pm

First they have to abqnfin the old well by running cememt plugs of a few hundred feet of length depending on the laws of Guyana. Then a high density 20 to 22 pound per gsllon, hard plug to kick off of to start their side track. So their kick-off depth is way uphole from the depth that they got stuck at. So after say 10 to 20 days they finally have a side track with depth equivalent to where they ...more

133

Comment

Comment by SheDrills on May 31, 2023 3:03pm

Management has said over and over...no DST test. This is Wei-1...if results are good then they will likely flow test Wei-2. This is an EMERGING basin. We've got fields to the east and the west that have been flow tested. The well results will be compared to those fields and if they are comparable...that's enough for a deal. The issue w/ Kawa was no Wireline ...more

224

Comment

CGX Energy Inc