CGX Energy Inc V.OYL

Maersk Discoverer

[dragonfly454]

The Maersk Fleet status report states contract ends Nov 21,2021..no News Release today is it possible we get the news tomorrow morning that well was completed with the results being...XYZ ?

[oldcompanyman]

Good evening folks, Rig contracts end when the well is finished. A fleet report gives indicative timings of wells, nothing else. before the well is finished (and therefore P&A'd), you cannot move the rig somewhere else. Therefore, a fleet report issued a month ago does not mean anything regarding where we stand now on this well. Patience, GLTA,

[jada13]

So then a JV could not have agreements or a letter of intent to drill another or multiple wells that we don't know of yet.

[Beaner1814]

Keep in mind there is a 30 day cushion between CGX's Kawa-1 and the start date with Shell in T&T. Would allow for carry over past 21 November 2021, which I am sure they accounted for with the scheduling of Discoverer. Besides that any news is welcomed, especially what will occur after Kawa-1. This is definitely an excellent opprotunity for CGX and its Management Team to update investors