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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

Comment by Ebenizer3on Jun 30, 2021 5:15pm
326 Views
Post# 33474988

RE:RE:A joke of a AGM

RE:RE:A joke of a AGMthe only pr that's important now is that the rig is headed for Guyana and kawa is spudded. If you check the maersk fleet status report u would know option for 2nd well had been dropped, shell has a 4 month contract due to start 3rd quarter also. I hav never heard of anyone spend 50 mil on a well for one zone or interval., as far the logging part probably due to the fact that they will run casing after each zone after they log it. Again they are either asking to much for a piece of the pie or it's not as good as they say. As someone once said " not all the rocks are equal" Good luck
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