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 > CGX & Kawa-1 Well Press Release!

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Post by BoDidley5656 on Dec 16, 2021 8:58am

CGX & Kawa-1 Well Press Release!

Well, well, well. Any thoughts? What a carefully spun PR. Theres oil in all wells drilled in this basin. Tells us nothing about sand thichness, quality, type of oil shows...etc. Means didly squat for potential commerciality, well productivity and little about deeper potential as all sands are discrete. Just means oil has passed through the area at this horizon drilled so far. The well cost is out of control! Proceed with extreme caution or I am missing something here my learned technical bloggers? All designed and spun to boost SP and looks like some are falling for it.

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