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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 Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by shleevoon Oct 19, 2009 11:51pm
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Post# 16402470

RE: Tullow

RE: Tullowhttps://www.investis.com/tlw/ir/reportspres/finreportspres/2009/presentations/agm2009/AGMPresentationFINAL.pdf

Here's the link Simon. I don't know what to make of it. They could be referring to the 3D that CGX did on Conrentyne and including it in their total on that slide. Either way, I'm more than happy to know that Tullow is a part of Georgetown. Tullow with Repsol bring a super power house of experience and expertise. We already know there's oil in Arbary, and if there's commercial quantities, these guys will bring it to production. Arbary deep is in the cretaceous. 2010 is gonna be a great year.

Can't believe we can still buy at these prices. 3D, JV, RIG, 2 wells, several targets, $100 Oil....see where this is going?




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