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 > Drilling info

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Comment by CLOUDERon Sep 08, 2021 4:40pm

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Post# 33828657

RE:RE:Drilling info

THAT is exactly what FEC is going to do at 97 cents a share,this is the amount agreed upon, look it up. 4 months to drill a 2 month hole, yup. NOW just imagin a dry hole, 30 cents to nowhere. I have seen this a time or 3 being in OYL.U and OYL for about 2 decades. and do not forget that there has been no economical oil discoverd in the shallows off surinams or guyana, look it up. KAWA 1 is in the shallows, close to the edge but still the shallows. there is a chance, 30% imo.

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