Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Phantombloggeron Jan 14, 2023 8:48pm
212 Views
Post# 35223673

RE:RE:RE:RE:The point that some may be missing

RE:RE:RE:RE:The point that some may be missingWhy inbox?
Why not share the ideas, thoughts and other opinions?
I saw WestCanPride (WCP) speak about the Share Prices last time around for KAWA!
But how similar can they be this time around? Given that they've given away 50% of working interest, remaining with 32%!
Plus they've relinquished all other blocks, instead of spending (let's say about 50 million) to drilling one wildcat in the said prospects given up? Others will now buy in a premium prices for what they've given up? Why did they give it up?
Are we now on a Hail Mary Pass?
The same rig which has been described as the best in the world, got bogged down in KAWA, relinquishing vital specimens for evaluation. The same rig which was stuck in Trinidad "forever" recently?
What's going on here?
I've been diligently reading all the posts here over the last several months, but yet to see mention of the aforesaid thoughts! Can someone cast some light on these? I still hold my shares!
<< Previous
Bullboard Posts
Next >>