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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 17, 2021 6:36am
290 Views
Post# 34239639

Strategic vs Tactical

Strategic vs Tactical A strategic opportunity from the perspective of CGX is not one to take a well to TD but one where a serious player is brought in to take this to the next level..so Level Up ... A tactical move would be if there was just some minor indications and they wanted to push beyond TD to Turonian then any investor willing to "bet" may suffice ..but with "strategic" being in the wording I'm reading it to mean an investor that brings more than just $35 million to the table to push this to 6685 meters ..this is the "strategic" move ..some of us so long in this can't handle positive news without being overly cautious...anyhow ..just a little heads up ..in my opinion the Campanian is just the tip of the oil-berg .. reservoir quality and seals going deeper fully derisked and the quantity of accumulation only gets better...what is in the NR is the shadow of what is happening behind the scenes...as CGX positions and bargains "strategically" to move this Little Juggernaut into the future..expect more snippets of info relating to financing as agreements are reached..right now the rig smart board is focused on safety/environment and the posture is Oil Struck.Anyways we catch up this evening.Cad $3.00 today ..
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