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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 > WEI1 spud
View:
Post by soulfire on Nov 03, 2022 8:28am

WEI1 spud

to be between December 2022 and late January 2023, that's a wide range.
Does anyone know if Shell is successful in retrieving this radioactive tool, will there be a re-drill or just release the rig?
I imagine some maintenance will follow the release along with resupply.
Let's hope Shell get lucky sooner than later.
It's almost like Suresh and his team has created such a bad aura around CGX over the years. Anything that can go wrong, has gone wrong.
Suresh's laziness and just in time attitude has really affected this company.
The delay is not his fault, but the way he operates makes you wonder.
We wait...
Comment by BoykJurko11 on Nov 03, 2022 12:48pm
If their problem is a stuck logging tool then the attached link is a good overview. I'm no expert on this fishing stuff but the link says that if they have balled-up wireline then they have huge problems: https://www.drillingmanual.com/wireline-fishing-oil-and-gas
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