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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 18, 2022 1:21am
205 Views
Post# 34327158

RE:Dirk

RE:DirkNope Dfly. Been smoking beef flank to make Montreal smoked meat. Tricky process, especially turning the tough, yet very tasty collagen into tender, chewy gelatin. Texas smoked brisket is similar. That stuff is amazing! Haven't got to that level yet. Just small 1 kg pieces. The Texans do huge chunks. Like a big blob of jelly when it's done.

So we got some pore pressure. I wonder what the LWD logs are saying. The sp looks solid. Almost like it's got a floor under it. Spending a lot of money to go after this zone. But if they hit, then the cost works out to be pennies per barrel.

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