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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CGX Energy Inc > I THINK

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Post by firo1988gt on Aug 19, 2023 10:00am

I THINK

In my opinion CGX already knows the results from the lab. They would never contemplate another appraisal well without excellent lab results. I hope we get bought out rather than wait for another well to be drilled. FIERO GLTA

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Comment by Harel1976 on Aug 19, 2023 10:29am

Agree, the lab results should be good..

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Comment by soulfire on Aug 20, 2023 7:10am

I'm sure Suresh wouldn't mind another well being drilled. He gets to keep kis salary for another 2 yrs as opposed to being bought out. I personally don't think another will be drilled, at least not with CGX as operator.

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Comment by Harel1976 on Aug 20, 2023 9:46am

Agree, and this kind of articles, for me, is a red light before the big fall, and its a long way to fall from 300m us$ mc.. https://oilnow.gy/featured/cgx-warns-of-financing-risk-for-guyana-port-facility/

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