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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 dragonfly454on Jul 24, 2022 1:27pm
355 Views
Post# 34846389

The proverbial Moth

The proverbial Moth...drawn to the flame. Or maybe this moth would find an old jacket like in Michael Shepherd's poem..All we have to go on in terms of seismic would be the same Kawa data I guess ..regurgitated and repackaged for Wei...The Potomona Indian lookout mountain the well is named after.. lol Wei Tepui...reminds me of Tonto and Lone Ranger if Kawa is considered a sucess then Wei has surrounded itself with oil...(Lone Ranger:it seems we have surrounded ourselves by hostile indians..Tonto:What do u mean by "wei" white man?..lol) So looking on the maps all I see is a sea of oil and Wei on that shelf edge toe slump a few hundreds of meters north of Kawa .. knocking on heavens door...Oil is there but as I had said about Kawa the issue would be the Pressure ..that slump creates a whole different set of dynamics but I guess the masochist in me would want to buy back in to see if there is a Wei in Hell ..
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