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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 > Comments for Mr. Negative
View:
Post by SheDrills on May 31, 2023 2:38pm

Comments for Mr. Negative

99% certain the logging tool was differentially stuck....that's also irrelevant and it didn't need to be discussed on their call.  No one over there is looking for drilling advise from shareholders...especially if they read these boards.  If you know so much about the oilfield you should know you don't get key-seated in a vertical hole...leaving only tool failure as a mechanical mode or wellbore collapse for sticking. Differential sticking is the most common cause especially in highly permeable formations that are prone to thick filter cakes. Wireline tools can't rotate to help get unstuck...all you got is a bit of jarring and pull force. It happens a lot. Either wait for well results or sell and move on.

 

Comment by Kelvin on May 31, 2023 2:59pm
So why did they run the MDT on wireline Shedrill's? Why not on drill pipe? That way they could have jarred free and not have had to spend 20 million plus on a side track. Why didn't you ask that question? Because you know shyte.
Comment by SheDrills on May 31, 2023 3:10pm
Kelvin, You don't have the right aptitude to be invested here.  Sell and move on.  Your comments are toxic for other investors.
Comment by Kelvin on May 31, 2023 3:28pm
Other investors? Who? People who know the complexities of deep water drilling and invest based on technical fundamemtals? Most of these people know shyte. They invest on wild eyed expectations of a gusher rags to riches.  Move on? Nope. This is a solid play. We just have to be realistic about it. They need to test the well. What do you think that huge equity funds that can deliver lots of ...more  
Comment by SheDrills on May 31, 2023 3:33pm
You're no deepwater drilling expert...that's for certain.  You simply talk a lot of garble and pretend to be one.
Comment by Kelvin on May 31, 2023 3:59pm
How much have you lost so far? With negative $330 million dollars in share holder equity so far then you've lost a pile. I don't know anyrhing about deepwater drilling? OK keep on stranding your money then cause nobody gonna invest a dime more without a flow test. How much have you lost in opportunity cost? And you can't get out without crashing the stock. You need a great DST ...more  
Comment by SheDrills on May 31, 2023 4:08pm
Sounds like you should sell & move on....instead you stay here to what? Create fear about an opportunity you just stated you don't understand or have hope for.  They aren't going to DST...so just sell and move on.
Comment by Kelvin on May 31, 2023 4:33pm
OK great advice! 
Comment by Kelvin on May 31, 2023 4:50pm
Sounds like anybody with any money has moved on. Nobody here. 
Comment by waitingstill on May 31, 2023 5:36pm
No, we are still here. Watching and waiting... Still. But SheDrills has a point. If you are wating for a DST, it isn't going to happen on this hole. So why spend your time instilling fear into long termers who are not selling until we find out what Wei holds. SP went over $4 with news from Kawa and no DST was run. We are expecting similar if not better numbers if Wei comes in with similar or ...more  
Comment by Kelvin on May 31, 2023 6:59pm
Ok solid arguement WS. We have this reflexive dynamic going on where expectations are divorced from reality. Reflexivity is a term dreamed up by George Soros. The expectation of a big find is reflected in sp and fed back to other investors as sp increases driving sp up even higher into a bubble. Same as what happened to real estate or dotcom before those bubbles burst. That dynamic existed with ...more  
Comment by SheDrills on May 31, 2023 9:37pm
No one is going to post that...nor will they try to help someone like you w/ inside information. You're not useful so why would they be. No one is here to convince you nor will trash talking win friends.
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