Bullboard - Stock Discussion Forum 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... see more

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CGX Energy Inc > Realistic Expectation

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Post by ohcanada17 on Aug 11, 2021 6:38pm

Realistic Expectation

looking for input on realistic expectations on when drilling will begin and how long for completion

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Comment by ljmorin on Aug 11, 2021 6:51pm

I.ve always maitained around 2 at spud. But I'm forcasting closer to 3 when the bit starts it way down. After that I have no idea where things go. I also think it will go close to the 85 Days planned, as they could be testing 3 differant zones. Maybe OCM could add to this thought from his hands on experience with offshore drilling.

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Comment by ohcanada17 on Aug 11, 2021 6:58pm

what are your thoughts on potential start date

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Comment by ljmorin on Aug 11, 2021 7:07pm

Next week, Wednesday/Thursday I expect the bit to start turning.

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Comment by waitingstill on Aug 12, 2021 1:06am

According to marinetraffic.com, Discoverer should arrive 1800 on Aug 16th. I heard 1-2 days to anchor and prepare and then spud. So perhaps Wed is our day?

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Comment by zerbo on Aug 12, 2021 5:10am

Can Someone clarity this ?Where is this vessel going to? The vessel departed from CHAGUARAMAS ANCH, TT on 2021-08-11 07:19 LT (UTC -4) and is currently sailing at 3.1 knots with East direction heading to GEORGETOWN, GYwith reported Estimated Time of Arrival at 2021-08-16 18:00 LT (UTC -4) local time (in 4 days, 12 hours ) ?? Reported ETA: 2021 ...more

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