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 > No one's brought this up yet: lost injury time

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Post by Rapsanion Dec 16, 2021 1:21pm

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Post# 34237571

No one's brought this up yet: lost injury time

The release states: "The Joint Venture is pleased to report that drilling operations have recorded only a single lost time injury since August."

What does a lost time injury mean? Paper cut and stopped 5 minutes to put a band aid on lost a hand and drilling stopped for a week while it was investigated?

My thinking is if it was significant that could explain some of the delay. Hope our rig/oil experts could shed more througts.

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