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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 Sep 24, 2024 8:04pm
81 Views
Post# 36239404

RE:Nibbling!

RE:Nibbling!Frank, the bigger question is why there's no info on the wells available publicly from Guyana government regulatory bodies. Just go to the Texas Railroad Commission website which oversees and regulates the oil & gas industry in Texas. Or Alberta regulators or any serious regulator which makes all info open to public review and analysis. You can find out anything that you want on any well - logs, cores, cuttings analysis for lithology, pore pressure profiles, daily operations reports from the operator, drilling contractor and service companies etc. In Guyana everything is a big f'n secret. People are complaining about psthetically low volumes. Who in their right mind would invest in anything in Guyana???? They're not a serious, reliable investment open to scrutiny. Can't count on them to help investors by making all material info public. 
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