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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Shell?
View:
Post by Schreibzey on Feb 21, 2022 5:21pm

Shell?

What are the chances the discoverer stays in the area to drill Wei right away? I understand it's supposed to leave and come back, but this well has put them behind schedule. If Shell has the contract, presumably they would have to agree at some point. Wouldn't be surprised if Shell wanted a piece of the western Atlantic margin too after having success in the Namibian synrift. Thinking out loud.
Comment by tiger77 on Feb 21, 2022 7:12pm
Great theory and great for thinking outside the box but I don't think so. There is a lot of planning and logistics involved not to mention pipes need to be ordered etc and if they didn't know what well they were going to drill (until after the results at Kawa IMO) there is no time for that and they likely need the 4 to 6 months shell will have the rig. Just my opinion
Comment by dragonfly454 on Feb 21, 2022 7:31pm
Yeah Tiger that might be it...supported by the Fleet status report..just a couple more days API dreaming ...Wednesday  is Republic day in Guyana auspicious enough to make an announcement on Kawa stats  ....the nuggets of info coming slowly ...
Comment by ljmorin on Feb 22, 2022 12:41pm
CGX would have inventory for the Demerara well I suspect?
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