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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 ljmorinon Sep 25, 2021 7:46pm
168 Views
Post# 33919922

RE:RE:Question TFSA

RE:RE:Question TFSAI think your wrong dirk. Hess ponied up 5 Billion with Apache before their first succesful well was completed.
They run the logs they will know.

I would bet there are deals already in place pending succesful outcome.

De Alba knows he gets way more if going it alone and then being successful will get a better deal,
And everbody know FEC and CGX don't have the cash to bring it into production.

I personally would be quite concerned if we didn't hear an indication from De Alba by mid to late December.

Don't forget they have a nother commitment to drill as well first Q next year.

And some on the rig definitley will know whats going on and will talk for sure. I had a gy on Jag giving me a play by play and he was dead on with everything that went down especially in the end of the HPHT Well. Saved me a llot of losses.
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