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 > Total and Apache …

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Comment by soulfireon Aug 10, 2023 11:50am

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Post# 35581865

RE:RE:RE:RE:RE:Total and Apache …

You said they didn't test it???
Was just trying to show that they were doing tests.
Don't get me wrong, I'm as frustrated as everyone with lack of updates, info. etc.
I have to believe with good permeabililty in the Santonian the SP will move up.
The lack of samples reminded everyone of the KAWA1 debacle.
Fact is we do have a confirmed 77 feet of pay, if permeability is great, the 210 ft in the Santonian can even increase and put us well over 300 ft of pay.
Personally, I'm hoping for the best outcome, that's all I can do. I prefer to have some hope rather than have none.

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