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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 Feb 23, 2022 3:09pm
268 Views
Post# 34455073

RE:Chair grabbing time

RE:Chair grabbing timeYou might be right Dfly. To me, it is remarkable that there were no verifiable operational leaks from spud to rig release. In fact, the only time that the sp moved abruptly were on NRs. That suggests a couple of things 1) If nobody in the public domain knew what the rig was doing, how can they possibly know what they have found. 2) If the next NR is positive then the sp will abruptly reflect that in a sharp move upwards.

Yeah lots of rain to your west on our island here as well. The African easterly jet stream that creates the trade winds is loaded with water vapor in the form of clouds. You can see it on satellite imagery. I go to National Hurricane website to get that. How is this relevant to cgx. It's not. But what the heck anyway. My inground water tank is now full. 18,000 litres. I run the rain water from my eavestroughs to my water tank because you can't count on water from the water company. My neighbours want to buy some. So it's raining dollars for me. When it rains it pours. Lol

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