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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 Kelvinon Jun 16, 2023 1:12pm
172 Views
Post# 35500485

RE:Confussion

RE:ConfussionFrank, if they run production casing to TD which they will have to report, then all BS ends because it'll mean that they have future plans for the well. They won't spend the millions to run production casing if the well is a "duster". They'll just P&A it with bridge plugs and cement plugs on top and let the open hole fall apart. I don't think that I'm stepping on anybody's narative here cause the entire planet is on this like a duck on a June bug. From the farms around Rocky Mountian House, Alberta to Wall Street. 
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