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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

Post by geomanx02on Mar 04, 2022 7:10pm
321 Views
Post# 34485497

Kawa Pay Zone?

Kawa Pay Zone?Why does management continue to label the 12 hydrocarbon bearing zones as "pay zones".  There is no "payzone" in this well, nada, zero..... seeing as it is an expendable well....which by the way....they neglected to inform the owners of CGX.

And, divide 200' of hydrocarbon bearing zones by 12 and one gets a bunch of thin zones.  Hope there is one that is rather thick....but don't hold your breath for management to inform the company owners.

Jail is to good for this management team....send them to Chernobyl!!

Hopefully, a real ol/gas company will take them out!!
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