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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 Rapsanion Oct 22, 2021 1:56pm
247 Views
Post# 34038300

RE:RE:RE:So let's hear everyone's thoughts?

RE:RE:RE:So let's hear everyone's thoughts?Sadly we knew they were not going to address after the opening statements which indicates they know it's a hot topic.   And now that we are aware they are close to the pay zones you would think there would be a freeze on insider trading until results are public.

They didn't get to (or avoided) questions on the 2nd well, i.e. is it immediately after this drill is complete as contractually the same rig has another contract after ours, and if it is, and on Corentyne, have they/will they alter the Demara agreement so we've kept our committement for that license.

Other then the delay and managing the call the material and speakers were professional.  Interesting they kept Suresh out !
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