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 > Why?

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Comment by soulfireon Jul 20, 2023 12:47pm

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Post# 35549930

RE:Why?

They did not get samples from Santonian targets.
The overage is probably weighing on the minds of some.
If the feet of pay stands WEI1 will be the 5th largest find in the basin, we should not be trading at $1.22 CAD regardless.

I'm not too worried. Once the porosity/permeabiltiy results come back, I think we will trade much higher.
We have to wait a little longer (sucks), but in the end if there is a deal we won't have to worry about getting out.
One hurdle after another in this never ending soap opera.
Trying my best to stay positive. I'm deflated after the last NR to see the SP drop.
I want to go to sleep and wake up end of August LOL

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