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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 19, 2022 10:42am
270 Views
Post# 34444783

The last time a 3 letter Acronym starting

The last time a 3 letter Acronym startingWith "W" and ending with "P" got so much attention was when Cardi-B sang WAP lol @ WCP ...imagine if WAP was a stock lol ..Dirk me sure the Santonian boba beads in Kawa are oil infused so I'm not thinking gas or condensates...the high cost of drilling was as a result of going too close to that old channel side and getting differentially stuck ..the pressure changes in the different sediments .. Maersk would have learnt a lot...so much so that they might not want to tow back to TT at the moment..over past month I had good info on Brazil..Suriname ..Guyana collaboration on gas with Neptune but it did not materialize ..as yet..CNOOC is interested representation being done by a controversial individual I'm not going to comment more...Maersk Oil has also been seriously considering getting into Guyana action beyond just drilling ..but let's see what FEC has in mind ....ok within the next 6-8 months CGXEF can go up 300% so I'm seeing growth potential on this exploration trajectory which can be enhanced with production based on outcome of Kawa final results and Wei being just as good or better ....
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