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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 whyworryon Jan 23, 2023 9:17pm
230 Views
Post# 35241262

RE:Interesting quote in today's PR

RE:Interesting quote in today's PRWell one thing seems obvious Westcanpride. The position you built while bashing the stock and hurling insults at management sub $1, you have liquidated as the stock climbed in anticipation of spud. Your positivity was noted by the board as you sold.  Now, you write:

"Kawa, as a seperate field, is not volumetrically (and thus economically) large enough to warrant its own appraisal wells.

You're not dumb enough to to have wrote that by accident.  It is untrue and there is nothing to support that assertion.  Only appraisal wells will confirm one way or another.  In fact, the December new release clearly stated that the company has filed a "Notice of Potential Commercial Interest regarding Kawa-1".                                                                                     

The most recent resource estimate was based on the siesmic, which was validated by Kawa.  Zoback said that the drill was a success and they found everything they hoped for and more.   I sense that Zoback's reputation is worth more that whatever he is paid by CGX. 

You, on the other hand, have no reputation to uphold and flip sentiments based on your holdings and intentions.  It is indeed sad that an alias that contains "Canada" and "pride" posts as you do.  

 




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