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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 SheDrillson Nov 30, 2021 8:35pm
175 Views
Post# 34183032

RE:RE:RE:Frontera Metrics (worth a look I think)

RE:RE:RE:Frontera Metrics (worth a look I think)

If you've seen my LinkedIn then you know I'm speaking from experience.  I've been part of teams pitching development scenarios and justifying economics to my own c-suite at the time as well as to partners and potential partners.

Business development is done in teams consisting of technical experts quantifing risk and value.  It's up to the C-suite to approve or deny recommendations.

Many times I would run economic ranges assuming flat oil prices between $50-80/bbl as well as the strip price.  To give management a flavor of how quickly things could change based on market conditions.
 

Good news for Guyana so far has been that projects tends to breakeven in the $30s/bbl range.

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