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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 Feb 18, 2022 8:46am
367 Views
Post# 34441192

Word of the day : Apposite

Word of the day : AppositeFrom that Kaiteur News article this morning ..last paragraph.

Adjective meaning apt or pertinent

What is apposite as this time is that Wei-1 is derisked to just the pressure issues being the major concern,but with Maersk Discoverer getting the hang of it and the specialty mud mixes etc being understood and with info sharing between Noble and Maersk I expect Wei to be a piece of cake ..Dev what they call "black eye pastry" in Guyana? Chinese cake lol

Ukraine issues overshadowing the markets ..Russia moving like how they did in Georgia ..say they retreating then invade....Risk Averse holders are selling ...

Frontera would never commit to Wei in that fashion without being assured of the API and quantum at Kawa..

Anys have a good Friday ..I expect share price to climb back to US$2.57 or Cad$3.25 by mid afternoon ahead of the possible late afternoon announcement on API and quantity heading in to the big meetings over the weekend.

Dev I will fill you in later. AnMar..Suresh is making the right moves .....the FEC and CGX tango continues for now but I expect Maersk to leverage something they are seeing a big opportunity here..SportyJ what you said Syrah? that sells fa so lotty dough..trying to buy a new CPU here man ..waiting on EWGFF and Jtdd to pay for it by 2 pm ..

Tiger 777 the dream died at 20-23 LA Rams ...case of Goat eating Tiger 

Cheers mates.





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