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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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 Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Post by taalon Apr 02, 2021 8:39am
262 Views
Post# 32931487

Chronology ...Apache ...Total

Chronology ...Apache ...Total
It was Dec 2 2019 that Apache stock plummets after reporting that they had reached a depth of 6200 meters and were testing 2 Cretatious play types..and that drilling would resume middle of Dec to a depth of 6900 meters...It was on Dec 23 that they announced thier 50...50 partnership with Total only 2 weeks before announcing thier discovery on Jan 7 2020....So what makes everyone think that if a JV isn't announced soon ...some 6....8 months prior to drilling ...that there Won't bea JV... Total obviously view the test results of the two initial play types before inking thier deal...Whats to say a similar situation won't happened with Cgx??
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