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.

TSXV:OYL - Post by User

CGX Energy Inc > 197ft at Bluefin

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Comment by Zibo510on Mar 16, 2024 2:10pm

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Post# 35936652

RE:RE:197ft at Bluefin

I am pretty sure that Exxon did a DST and flow test prior to releasing the results and have appraisal well activity planned.

That's the big difference between CGX wells which haven't flowed a barrel and all their reserve estimates have the words may contain and subject to further appraisal activity in their NR's.

I am surprised that CGX stock didn't get a lift due to the close proximity to Blue Fin.

Maybe a delayed reaction to come?

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