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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 westcanprideon Feb 02, 2023 3:07pm
273 Views
Post# 35263060

RE:RE:RE:RE:RE:RE:RE:RE:Unexercised Options

RE:RE:RE:RE:RE:RE:RE:RE:Unexercised OptionsSo you just outlined all the reasons someone like De Alba should be converting his options into CGX shares....! 

Not sure I would be bragging about soliciting advice from folks online to confirm your bias that Kawa-1 will be a gusher. Maybe if you actually pointed out technical rationale and your understanding of 3D seismic, reservoir stratigraphy, deep water depositional environments, fluid analysis I would be more impressed, but that would require some actual knowledge of the subsurface, and not just repeating what a few others have to say. 

And lastly, I have never said Wei-1 will never be a technical success. Not once. I have said there is a MASSIVE difference between technical success (which is what CGX is pinning their % COS on) and a economic success. If Kawa-1 was such a economic success, I can almost guarantee CGX would not be sitting at $1.25 CAD/share. 

Anyway, your one of those folks who I said has a love affair with CGX. Anyone who says anything that's not slanted towards your bias (and confirmed through your in depth discussions with folks online.. many of whom are also likely bias towards CGX!), they are instead blasted. 

You would make a hell of a poltican Stark! Debate and civil conversation is a lost art these days and you fit that mold perfectly! 
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