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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 Jan 30, 2024 11:35am
146 Views
Post# 35852697

RE:RE:RE:Scamming shareholders unfortunately

RE:RE:RE:Scamming shareholders unfortunately Boy wcp, you really do have a knack for focussing attention on the core of what drives this play. The EUR (estimated ultimate recovery) which any competant petrophysicist could infer from the SLB development plan. Nobody has mentioned the SLB development plan before.

Great idea! Let's see it! There's lot's of talent in Calgary that could easily work out a reliable asessment about the geology and reserves using only published information given the development plan. For them to be able to even engage in a development plan to begin with implies that they have enough positive info to justify the expense. Maybe that's why the sp is in limbo. Waiting on SLB maybe.


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