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 > What do you not get Matt?

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Comment by mrbbon Jun 05, 2023 6:17pm

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Post# 35481347

RE:RE:What do you not get Matt?

Kelvin wrote: Well whatever. It's your money tied up that you can't free up. Good luck.

new to OYL here.
BTW, i DID NOT NEED A FLOW TEST to put some money into OYL, you think competitors familar in this basin need a flow test to do a farmin? Sure i could lose some money if the well is a dud but surely i don't need a well test to know if the well is a dud or not. There are plenty of clues to know beforehand if the well is a boomer, good, marginal or a dud. Obviously you don't know about 'other' flow tests beside the conventional ones you are referring to.

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