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 > Question for SheDrills

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Comment by geomanx02on Jul 05, 2023 10:42am

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Post# 35527257

RE:RE:RE:RE:Question for SheDrills

Actually the question about completion is extremely meaningful......potential buyers will be looking at how much of the 210' of hydrocarbon bearing sands can effectively/economically be produced.....thus , if mechanically they can only produce 30% or 50% of indicated pay, then that significantly reduces the value of the concession, then the 210' of hydrocarbons becomes meaningless.....except for PR purposes.....

And that's where I was going with the question to SheDrills

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