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... see more

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TSXV:OYL - Post Discussion

CGX Energy Inc > Bloom is off the rose ..

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Post by Frank007 on Jun 13, 2023 2:38pm

Bloom is off the rose ..

Heck frontera payed $1.61 for the shares of cgx when paying for the kawa well ....after t d on the wei 1 can,t even get to that ....what p o sh. All a con job ....

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Comment by Mbxwatcher on Jun 13, 2023 3:01pm

I cant see how this announcement is not positive, however I think their PR is intentionally poor. For example they never really tell you the whole story.......... Today, in the midst of all the good news, they announce that the well will be even more expensive. For CGX this is material because they have no money, and no way to raise money without the express permission, and agreement of FEC. ...more

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Comment by Investnowplease on Jun 13, 2023 3:23pm

For them todo a drill stem test, wireline, and sidewall cores they are encouraged by the lower zone. Cant imagine the reservoir is not there, the real question is the API. Knowing and having perm, porosity, fluid content, and pressure is critical in understanding reservoir size. Im optimistic. As stated before, Frontera doesnt have the wherewithall to develop this. 10-12B is well beyond ...more

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CGX Energy Inc