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 > Where do we stand?

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Comment by soulfireon Jun 26, 2023 10:00am

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Post# 35514376

RE:RE:RE:Where do we stand?

The average of Exxons finds are aproximately 200ft.
If we come in above 200 ft then we are above average. This is great for CGX/Frontera.
LIght oil a huge bonus. I've heard from sources light oil in ground range from $10 - $15 US
71 feet proven aready not including the Santonian.
The company stated The Geology is consistent with predrill expectations. What else can we ask for?
From what I understand these are thick pay packages.
I believe we come close to 300 feet, or even exceed that. JMO
Good luck all.

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