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.

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CGX Energy Inc > If Kawa were compeley dry

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Comment by Oregonduckon Oct 14, 2022 1:28pm

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Post# 35025212

RE:If Kawa were compeley dry

BoykJurko11 wrote: Then oyl share price would be zero. Love to see analysis from experts to counter that. But oyl current share price is not zero. Why not?

https://www.bnnbloomberg.ca/video/16-of-tsx-and-venture-stocks-are-zombie-companies-deloitte~1493138

There are full of almost defunct shell companies listed on the Venture Exchange. Zero revenue and virtually bankrupt.

OYL has not provided any data such as flow test, porosity etc. on its Kawa-1 well. Prospective resources means "undiscovered oil" and not counted as reserves. No independent petroleum evaluators report. H & P qualified their Valuation based on lack of concrete data.

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