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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 Ebenizer3on Mar 04, 2022 5:03pm
257 Views
Post# 34485173

RE:RE:RE:RE:RE:Cgx News

RE:RE:RE:RE:RE:Cgx Newsnot sure if it's cgx/fec hellbent on playing chicken(going at it alone) or the potential JV partners sitting back and watching the trainwreck and getting ready to step in and pick up the pieces. And if they don't get a JV before Wei-1 is spudded the sp will be back below the 0.80 cent mark. I don't think some oil-based drill cuttings will give u the results everyone is looking for. If they didn't use MPD shame on the powers that be, not just the cost of operations but the loss of data. Hopefully Wei-1 has a better result.
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