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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 SportyJon Apr 03, 2022 3:20pm
274 Views
Post# 34571407

RE:RE:RE:Drilling of Wei-1 well to begin in May – CGX

RE:RE:RE:Drilling of Wei-1 well to begin in May – CGXIt was I that stated Liza 1 was a producer. Based on https://youtu.be/5ovzH3f3iQ4 which is an amazing recap of Liza by Linda Price of Exxon. About the 37 min mark an Exxon map shows Liza 1, 2 and 3 as producers. However after privately messaging with smart people on this board (you know who you are) we determined that the map was most likely wrong and that Liza 1 disc and 2 & 3 appraisals were P&Ad. 2 was DSTd and can't remember about 3. Bottom line my guess is Wei 1 is targeting a new field and not an appraisal of Kawa so imo it will be p&ad. Hopefully will get a full suite of info on Wei vs what happened with Kawa. All imo.
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