Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 SportyJon Nov 23, 2021 12:36am
458 Views
Post# 34155636

O for

O forDfly, that was one rough day at the plate. First the morning PR prediction backtrack post (w/ anticipated mkt reaction) followed by the lunchtime Sunshine post about drlg horizon 23 (to be done by Thursday) rounded out by the evening post about the Maersk Discoverer sailing off to Trinidad today because the contract ended yesterday (meaning Kawa-1 was TDd). Painful to see ya swinging at pitches in the dirt. But get some rest and go out there and get em tomorrow. JK I will attempt a bunt here. The 11/3/2021 Maersk fleet status report in bold (indicating a change from the 8/2021 report) does show Discoverer going to Shell Trinidad (dec 2021-may 2022) after Kawa. Then returning to cgx guyana jun-jul 2022. That timeframe matches a demerara shallower (40-45 days) drill than corentyne. It would also mean cgx got an extension on demerara. Don't put much value on this Maersk info but it is what it is. Lastly, it appears CGX cut the line on Shell Trinidad's drlg contract with Maersk Discoverer. This may have already been discussed but how did that happen? Is Shell our sugar daddy?
<< Previous
Bullboard Posts
Next >>