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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 ljmorinon Jun 30, 2021 12:14pm
301 Views
Post# 33473480

the drill

the drillI've been through every drill with this rag tag bunch and I never expected it to be this high a month out from the drill I thought we would be around 2$ at spud date. Historically it always goes up when the rig is moving into place and always at spud and during the drill.
The only thing differant now is the area is almost totally de-risked and I believe its why we had the bump.
I'm in until the drill. I just hope these jokers don't have anything negative to say today and we can hang around 1.75 -2 $ up to the drill.
GLTA.
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