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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 oldcompanymanon Oct 21, 2021 11:17pm
256 Views
Post# 34035826

RE:RE:RE:RE:RE:RE:RE:RE:Wouldn’t they already know results from primary target now?

RE:RE:RE:RE:RE:RE:RE:RE:Wouldn’t they already know results from primary target now?Hi again OIL_RUN,

I agree, as stated a few minutes ago, that we have so far not gone through any single one of the 3 objectives, on the basis of the information we have as of today.

And the most important point on this whole Kawa adventure is what I copy-paste below from your text and what I had stated in my very first post on this forum. Not a single person on earth (certainly not the poor cfo lady who took a lot of, ehm, well-deserved blame here lately) has any tangible, factual, objective idea about what the Kawa holds, or what any exploration well holds, before it is drilled to TD. This is a basic principle of this profession, period. You can have reason to believe one way or another, you can have a lot of technical reasons to believe it (which is my case, if not I wouldn't be here) but nobody knows, so no reason to interpret anybody's acts (including the cfo's) on anything else than human drives such as fear, greed, bad faith etc.

GLTA,

"I have been in the industry for too long to think there is someone out there who already knows the fate of Kawa when we have not even drilled through the Santonian or evalauated the campanian."
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