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 > Waitingstill & Westcanpride

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Comment by westcanprideon Jan 21, 2022 10:58am

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Post# 34342431

RE:Waitingstill & Westcanpride

At this point, if the well is still "drilling" away and they haven't gone through the primary Horizon 23 yet, there is not a hell of a lot management can say at the moment. Guaranteed, if they did say something that nothing has changed since the Dec 16 news release, the stock would plummet as everyone knows CGX has no money and this is turning into one expensive hole.

Now, if they have drilled through Horizon 23, then its just a matter of waiting until they release news. I really hope this is the scenario we are facing and not the former.

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