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. 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.

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CGX Energy Inc > WELL

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Comment by westcanprideon Aug 25, 2021 12:39pm

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Post# 33761388

RE:RE:RE:RE:RE:RE:WELL

If you take that quote in the broader context of my overall message, I stand by that 100%.

Operators now know what kind of oil discovery (thickness, oil quality, etc) is needed to make a offshore field ecomonic in Guyana-Suriname. Only finding say 10-15m of pay in Kawa-1 will not cut it. I am sorry my friend, but that is the cold hard truth.

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