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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 Dirksidetrackon Dec 16, 2021 3:56pm
353 Views
Post# 34238296

Financing

FinancingProbably a dumb question but if they fully disclosed all information as they acquired it while drilling could they then sell into a rally thereby financing the rest of the well without it being considered insider trading?

The following link is the formation dynamics tester run on wireline. It can do a lot of things like measure pore pressure, permeability, collect and analyze formation fluid samples, determine formation connectivity with other formations by comparing fluid samples and pressures.

No wonder it took so long to get to this point. If there were several reservoirs to analyze they would have spent most of the time tripping and running wireline with some drilling in between. Anyway check this out: https://www.slb.com/reservoir-characterization/surface-and-downhole-logging/wireline-openhole-logging/wireline-formation-testing/modular-formation-dynamics-tester

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