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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 Schreibzeyon Mar 03, 2022 7:30am
269 Views
Post# 34478116

RE:RE:Press Release: Quick Thoughts

RE:RE:Press Release: Quick Thoughts

Be glad to hear what some operations folks (Dirk) might think about how or why no MDT or side wall cores, or whether wireline logs are sufficient in this case. Also wouldn't mind heating OIL_RUNs thoughts. Perhaps the authentication and analysis by third party is what's holding this up. Would guess all this extra analysis may be why we are range bound with the price too, and why a deal may take a minute to get done. one thing I will say, the CGX shell has a real nice $300m~ accumulated deficit, which in other words is tax deferral on forward income. 


 

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