CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Total depth

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Comment by lexxus296111111on Dec 15, 2021 8:52am

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Post# 34232073

RE:Total depth

Once they enter Horizon 23 (Target 2- the main target): how hard is it to drill through those sands? Gotta remember that the main target is not at TD. Only target 3 is at Total Depth. I would assume they found what they needed to in Target 2 and its Target 3 that may be slowing things up. Based on their last news release- they were right above the main target. Whoever is selling doesn't know the results of the main target. And whoever is buying knows the result of the main target. Hold on to those shares boys.

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