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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

Comment by Dirksidetrackon Jan 01, 2022 3:56pm
229 Views
Post# 34276450

RE:20000 achieved as at Year End

RE:20000 achieved as at Year End Birding is colourful and noisy Dfly. Darned guacamayas (macaws) wake me up at first light. Scandalous, screetching! They always travel in pairs. Male and female. Mate for life which is over 50 years I think. Loros (parrots) too. Plus other birds. Ocean it's pelicans and seagulls. Plus everywhere are ugly vultures riding the air currents high above. Get a lot of thermals here that they can ride on. Semi-arid. Land heats up quickly and creates rising hotter, less dense air (thermals).

Gonna just sit back and learn now about the next phase now on this stock. It's all geology and valuation estimates now. I hope that the manipulation has ended but ya never know. Spent day at beach but tomorrow I'm going to learn as much about what goes into producing these fields. I did read that Exxon et al spent months with earth scientists, reservoir and production engineers running all sorts of complicated models to figure out the best way to produce Liza. Drilled 15 wells, if memory serves, made up of production, water injection and natgas injection. Water injection down deep to force oil up. Gas to pressure up reservoir. Expensive! The good thing is that if it's 600 million recoverable like OIL_Run reckons then Kawa well cost is cheap. Something like 15 cents per boe. But production costs might be enormous.

So I'm hoping that production, reservoir people join this discussion.

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