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 > Relaxed

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Comment by SheDrillson Jul 01, 2023 12:27pm

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Post# 35523673

RE:RE:RE:RE:RE:RE:RE:RE:Relaxed

The majors don't know everything...that's why dry holes still occur as well as numerous appraisal and flow tests.

There is a process of gathering data, analyzing it and refining models.

And I would and am (by holding shares) betting that numerous majors will be heading back to Frontera & CGX data room to decide whether or not it's time to take a giant bite of their Working Interest.

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