CGX Energy Inc V.OYL

Betting the Farm

[Oregonduck]

Kawa-1 well lacks published data such as porosity, flow rates etc. Looks like Corentyne block is gas-prone. Wei-1 could be a long wait for completion. Huge bet at $125 million.

CGX reminded me of Eco Atlantic oil well in offshore Guyana drilled by Exxon in 2021 that said initially to have found light oil, but subsequently determined to be non- commercial heavy oil.

There is an outstanding question on the determination in the $19 million convertible bonds and the JOA due on 30 Nov.

[CLOUDER]

wasn`t exxon...it was     to low,    lol....TULLOW OIL

[Oregonduck]

    ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons. JHI Associates, a partner on the Canje Block, informed shareholders Westmount Energy and Eco (Atlantic) Oil & Gas of the disappointment on October 30. [2021] The Stena DrillMAX drillship drilled the well in 2,549 metres of water, reaching a total depth of 6,758 metres.

[MorningCat]

I don't comment much, but you should look at ducky's call on Africa Oil, after his negative comments on AOI, it went 3x.

[Oregonduck]

"Oh, you need timin' A-ticka, ticka, ticka, good timin' Timin' is the thing..." You forgot I told Bullboard delusional posters to dump AOI when it got over $10 ten years ago after it struck oil in Kenya. As well, to get out of Horn Petroleum (now renamed Africa Energy) when it spiked to $3.00 on Puntland drilling. Contemporaneous postings don't lie.  

[BoykJurko11]

Yeah it's called "sophism". That's where the word "siphisticated" comes from. It means extracting from a body of facts only those facts that would support a particular agenda and suppress those facts that might contradict or raise doubt on a particular agenda. An example would be a neighbour who hated me who saw me carry a TV into my house. Say another neighbour just

[CLOUDER]

ECO was (is) partnerd with  TULLOW OIL  they are 60%     eco is now only 15%  wow.  it was JOE and JETROW i think  they hit what was thought to be a good deposits...but they  turned out to be  HEAVY  it almost sunk   TULLOW  ...they were having problems at that time too.