Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

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CGX Energy Inc > I THINK

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Post by firo1988gt on Aug 19, 2023 10:00am

I THINK

In my opinion CGX already knows the results from the lab. They would never contemplate another appraisal well without excellent lab results. I hope we get bought out rather than wait for another well to be drilled. FIERO GLTA

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Comment by Harel1976 on Aug 19, 2023 10:29am

Agree, the lab results should be good..

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Comment by soulfire on Aug 20, 2023 7:10am

I'm sure Suresh wouldn't mind another well being drilled. He gets to keep kis salary for another 2 yrs as opposed to being bought out. I personally don't think another will be drilled, at least not with CGX as operator.

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Comment by Harel1976 on Aug 20, 2023 9:46am

Agree, and this kind of articles, for me, is a red light before the big fall, and its a long way to fall from 300m us$ mc.. https://oilnow.gy/featured/cgx-warns-of-financing-risk-for-guyana-port-facility/

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