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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 > Soul fire …shedrill
View:
Post by Frank007 on Aug 11, 2023 9:59am

Soul fire …shedrill

They never broke the contract ...seadrill rig was not up to the task ....cgx ran out of money yes ...there was oil show in the cuttings but to keep drilling would be insane ...what another Maccondo well like B P ?
Comment by soulfire on Aug 11, 2023 10:00am
Frank, they did let the contract expire.
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