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 > Question for the Board

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Post by taalon Feb 28, 2022 6:22pm

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Post# 34469360

Question for the Board

In Dec 2 2020 Apache announced they had drilled down to 6200 meters and were continuing testing and made decision to drill down to 6900 meters..On Dec 22 Apa announces HUGE partnership with Total....Why would Total make that commitment with Apa on Maka1 and the rest of the block Without knowing the Api and Sulphur content...Apa was still Drilling!!! Now on Jan 7 when they announced the discovery they said preliminary tests show shallower Campanian Api between 40....60 And deeper Santonian Api between 30...45.....This was almost immediately after reaching that 6900 meter level....We announced our discovery a month ago....should we not have preliminary results???

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