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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 tiger77on Jun 26, 2023 10:20am
147 Views
Post# 35514436

RE:RE:RE:RE:Where do we stand?

RE:RE:RE:RE:Where do we stand?

I agree Soul, I think anything over 200 when you factor in Kawa also should get this ship a sailing!  Very curious to hear thicknesses, API, zones, and what they've leard that can be applied to central channel etc.

Really thought we would see a PR this morning but maybe they needed to ship in a bigger calculator to figure out how much pay we've got here :-)

GLTA...I believe we've finally arrived (at least almost arrived).  A successful PR and then the next and last catalyst (no pun intended) for me will be a buyout or a huge JV...don't really care because either would propell this.  Buyout for obvious reasons but a JV because it would be costly and likely will be a major.  Either will move the needle here a lot.
 

Tic tok

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