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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 Dirksidetrackon Oct 16, 2021 9:21am
198 Views
Post# 34013210

RE:PGS vs PSG

RE:PGS vs PSGI'm on a very steep learning curve man. I'll follow your lead. Finally figured out the significance of your color references - red, yellow, blue etc. They're not only frequency but energy as well when amplitude is factored in. Now we're talking about partial differential equations. Yes I am very impressed with Ms. Jennifer Budlong. The interesection of earth science, math and huge money at stake.

I hope they release some info soon. We need a good sustained rally to up to over $3.00 before TD. That way the longs can at least get their money back, CGX could get some more working capital and new investors can get in on the ground floor on maybe billions of recoverable barrels of light, sweet crude. If they do hit gas condensate they can use it to produce the deeper basins. It didn't escape my notice that you mentioned that the reservoirs are not overly pressured. They'd want to pressure them up more when producing them. Condensate always wants to expand when constrained. As it drives oil up the collector wells it's like a compressed coiled spring pushing more and more as it expands.

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