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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 Kelvinon Aug 16, 2023 1:03pm
128 Views
Post# 35591252

RE:RE:Very interesting …

RE:RE:Very interesting …They're not doing anything illegal fishfanatic. They have already announced 210 feet of pay in the Santonian and I forget how many feet in the Campanian and Masstritchtician. Yet sp keeps on dropping. You guys all hung up on feet of pay as a metric for economical potential. Well there you have the results. A buck a share. I want to know if the field will flow 100,000 bbl/day for 20 years. They don't know that yet. And really and truly I don't know how they will without carrying out some post TD operations but I already got cross-threaded with FOMO pumpers on this board for even suggesting it. Well there you have it foamy FOMO pumpers. A buck a share.
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