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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 tiger77on Oct 22, 2021 2:10pm
269 Views
Post# 34038372

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

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

So I thought the call was really good.  I certainly wasn't expecting them to give out any information that was confidential so looking at it outside of that lens I thought it was pretty good and informative.

I also found it interesting that they would elaborate further on COS or size they were going after but she did say that all the characteristics were the same as block 58 but with an even greater chance of more pay.

My gut tells me that they probably think the COS is very high but don't want to put a number that high out to the public as it would open them up to scrutiny should it not work out.  I believe they are keeping their cards very close to their chest for a reason and it should be very interesting to see or hear what those reasons are when they are finally announced.

Happy to hear basically that they were ahead of schedule for lack of a better term but also set the stage that they may slow down as the well goes deeper.

All in all I thought the call was great, took the full amount of time rather than shutting it down early, the presenters were very good, certainly looked confident and it's a roll of the dice.

Holding strong till the end as I think we will be rewarded on this one!
 

GLTA!

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