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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

Post by soulfireon Jun 17, 2023 8:58am
358 Views
Post# 35501616

Scrutiny

ScrutinyI think we are all over scrutinizing the company.
They are not perfect, none of us are.
Plug and abandon was always the plan , regardless of the outcome.
As for feet of pay, we already have 71. A lot of ExxonMobil discoveries are in this range or a little more, no one question when they call their's a discovery. 
The most important thing is this time the pay zones are in thick packages and as OCM pointed out  the pay packages could spread out over kilometers.

I do believe though the PR department needs an overhaul. 
We will have a commercial discovery IMO.

Happy Father's day to all of the dads on and off the board.
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