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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.


TSXV:OYL - Post by User

CGX Energy Inc > Disillusioned
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Comment by Dirksidetrackon Mar 03, 2022 6:23pm
324 Views
Post# 34481100

RE:Disillusioned

RE:DisillusionedBecause they said that API gravity info would come from bore hole samples. Not actual formation samples.What's in the bore hole? Drilling mud. So they gonna try to determine what's in the formation from the miniscule bit of it that got into the drilling mud???? The market reacted the way that it did because they cannot materially confirm what they found. The sp reflects that. Where does it go from here?
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