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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 > Question for the Board
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Post by taal on Feb 28, 2022 6:22pm

Question for the Board

In Dec 2 2020 Apache announced they had drilled down to 6200 meters and were continuing testing and made decision to drill down to 6900 meters..On Dec 22 Apa announces HUGE partnership with Total....Why would Total make that commitment with Apa on Maka1 and the rest of the block Without knowing the Api and Sulphur content...Apa was still Drilling!!! Now on Jan 7 when they announced the discovery they said preliminary tests show shallower Campanian Api between 40....60 And deeper Santonian Api between 30...45.....This was almost immediately after reaching that 6900 meter level....We announced our discovery a month ago....should we not have preliminary results???
Comment by fottom on Feb 28, 2022 9:00pm
The most pressing question @taal well said.
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