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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 Investnowpleaseon Mar 03, 2022 10:05am
365 Views
Post# 34478770

RE:Gutted like a pig at open... down 20%!

RE:Gutted like a pig at open... down 20%!

On the same page with you. Something is wrong here. If not wrong this is manipulation of a stock in epic proportions. 

i can understand the not getting sidewall cores as that sometimes isnt as easy as you think. However they have cuttings. Getting a fluid sample should have been easy. I am wondering if they had hole condition problems due to being on this well for the length of time they were. Shales will swell. Thats the inexperience in my mind with the company drilling such a well. Could be bad luck but that is also created as well by mistakes. Big companies have armies to eliminste mistakes. 


i dont buy the comments anymore about not knowing. 

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