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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

Post by Devanand1on Oct 21, 2021 2:17pm
246 Views
Post# 34033799

Here are my questions that I sent for tomorrow's meeting

Here are my questions that I sent for tomorrow's meeting
Question 1   You have previously announced that a second well will be drilled in the basin. If I recall correctly, according to your agreement with the Government of Guyana, a second will must be drilled by Feb 2022. When would an announcement be made on this well? Is there a possibility that this second well will be drilled on the Corentyne , rather than on the Demerara block. 
 
Question 2 Over the years, CGX's office in Texas has been totally unresponsive to queries, emails, etc from shareholders. When could we see a meaningful PR or IR department at CGX office ? That office is either understaffed or simply do not care about the needs of the shareholders. Could someone have a look at this with a view of making that office more responsive to the shareholders queries. Do you plan on embarking on a marketing blitz to create more awareness of this stock?
 
Question 3 Have not heard anything about the Berbice block in a while. This would be an on shore drill program.  How soon would plans be announced on this block?  
 
 
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