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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 dragonfly454on Nov 02, 2021 10:51pm
245 Views
Post# 34080446

Good night

Good nightIn oil exploration ..wildcatting it's high risk ..my methodology is to derisk to a level I find acceptable couple of things to assess..these are the fundamentals ..(1)Source Rock(2) Reservoir porosity(3)Data gathering methods and analysis ...are they cutting edge best practice ..?(4)Financing available and needs to complete the drill program (5) Risks of non completion due to pressure etc (6) Geologists qualifications, publications and track record each aspect I would grade ...the I would assess the seismic myself and the rationale for target selection looking at analogs near and far in similar basins ..I don't like being too serious because people take it as advice from a prophet happened in 2000 it was no chance in hell I could have seen the gunboat coming ..but the fact remains I had ignored the risk..it was never factored in .. geopolitical risk..during the Onshore expedition I saved endless persons skins ..I was 100% on target ..in prediction before the results were out because I believed the methodology was incorrect (microbial organic sampling technique) for Eagle and Jaguar and Utawaaka projects I was busy just looked in I had not seen and compelling reason to believe it had any special condition to make them worth my investment so I stayed away from investment ..I think I went on bullboard and offered my best wishes..but for Kawa-1 I liked what I saw ...clastic dunes splayed like an outspread hand over the maritime boundary with oil found in the pinky ,ring and middle fingers and and the thumb and index over in Guyana with similar properties ..fair seismic imagery but I could not argue with the Apache strike in Block 58 as an analog ..so I reduced the wildcat to Schrodinger's Cat ..either "dead or alive" and place my bet after all the analysis I did and just accepted the decision to invest as mine with detachment ..with the out already written I'm sorry I pi$$ed anyone off..I'm not Dirk,nobody directs my posts,I don't get insider information ,I observe I seek help from experts and I rationalize with the little knowledge I have ...so far this project is on target and concrete information is unavailable so sentiments are playing havoc on share price ,stop losses are being triggered SP is going down on no information it's just a bit of panic selling . Back-testing data had a cost of which I only recovered 38.45%.My advice at this time is to ask yourself: what is my motivation? On what strength did I invest ? And then pretend you are the only investor and move forward with confidence and courage ...if you are no longer confident..sell and move on ..if you can be confident enough buy more , average down and hold ...The Cat-alyst is ahead of the bit ..the sentiments are on the board ..fear manifesting as lowered share price..be strong look at the positive.No Phantom I'm not a paid promoter pumping and dumping and also I am not Dirk . Whichever way this goes remember take ownership and responsibility.CGC and FEC have no obligation to issue info or leaks prior to completion ok but they could be proxy buying whenever it dips .RBC is just adjusting for risk and persons seeing value are buying this is playing out in a vacuum without the stimulus of result information with CGX falling and FEC rising the disconnect is artificial .Those of you who got info on analysis please assess the SP situation accordingly by looking at depth and targets and hold this against a backdrop of being a "tight-hole" and the advantages this situation give to the senior partner FEC..if sentiments are negative at this point..in the absence of genuine information there will always be persons panicking or being overly cautious and this dynamic would have a negative impact in short term until genuine good information comes out to change the status quo .AOM ok
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