CGX Energy Inc V.OYL

Suresh..

[Frank007]

Of course with this kind of investment you would want to watch who is paying who .....I,m pretty positive on the port project ...they update the picture offten enough to keep me interested .....that is a bankable project     ....any debt that cgx has from the wei 1 well should be able to be rolled int that project.....it will be a cash cow way sooner than any lifting of oil from corentyne block ....

[SheDrills]

The port should keep CGX from going to zero but it won't prevent a further sell off if Wei-1 has disappointing geologic results. The pain would get much worse from here as there is no institutional support.

[jtdd]

I just don't understand how they could make a comment like the following if it's not accurate: "Results from the Well are consistent with pre-drill expectations. The Well has confirmed the Company's geologic and geophysical assessment of the block." We know what they're assessment is, so it seems like they would be setting themselves up for a lot of trouble if the

[soulfire]

I agree jtdd

[jada13]

Answer is did Kawa meet expectations 

[jada13]

Was the same wording used used with the announcement of Kawa oil discovery..I think it was if I can remember right 

[soulfire]

No they did not jada They said it was consistent with other discoveries in the area.

[SheDrills]

Jan 31 2022 "The Kawa-1 results support the Joint Venture’s geological and geophysical models and have helped de-risk equivalent targets in other parts of the Corentyne license area" Also for everyone who is defending them not releasing LWD hydrocarbon height in the Santonian...the difference between LWD (177ft) and Wireline heights (228ft) in Kawa were likely because of several small

[jada13]

So meets expectations that its consistent with other discoveries in the area .

[soulfire]

The release in May 2022 was worded differently