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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 Dec 08, 2021 3:10pm
127 Views
Post# 34211669

Exactly 2 years ago

Exactly 2 years agoThis happened: https://oilnow.gy/featured/apache-to-drill-deeper-at-maka-1-wildcat-offshore-suriname/ Shorts ...start covering .The current share price is just sentiment and fear ..not news so far all indications are the same as what transpired at Maka-Central ..delays , pressure issues etc..then....I am standing by my assessment that there was some form of event around 5545 meters depth and Maersk Discoverer is now about finishing up this project. I expect a move to Wei-1 very soon on the same North Corentyne block just slightly north and west of Kawa-1
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