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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 > 3 to 4 months
View:
Post by Frank007 on Feb 23, 2023 12:12am

3 to 4 months

Drill  case  core sample .. drill again ..case ...core sample again assess ...ou you can expect final evaluations and news release   3 to 4 months ....
Comment by Kelvin on Feb 23, 2023 1:38am
Well if you look at their August 2022 presentation slide 9 or 10, if memory serves, you'll see the seismic with the rock layers identified. They're probably just above the Maastrichtian. The lower Santonian is a couple of months away. Top hole is soft rock that is less compacted and drills fast. As they get deeper the rock is more compacted, gets harder and drills much slower. Below that ...more  
Comment by taal on Feb 24, 2023 10:37am
Price dropped from $3.50 because they wanted the price to drop back...They make an announcement that the Kawa well was Plugged and Abandoned .Without any Explanations ....until sometime later...All planned Imo....This time I think we get Positive  news releases ...which have already started...I believe  this is Finally the end game for deal making ...J.V and since Fronterra is holding ...more  
Comment by fishfanactic on Feb 23, 2023 5:57am
Thanks Frank and Kelvin for the insights
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