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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 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

Bullboard Posts
Comment by shleevoon Jan 22, 2011 12:50pm
492 Views
Post# 18012033

RE: Guestimated drilling schedule

RE: Guestimated drilling scheduleCabrio,  I think you're off on a couple wells. 

Murphy has likely already spud their second well in January, should be completed sometime before end of February. 

Inpex will take the rig after Murphy and they will have to hand over the rig before end of May to Repsol.  According to the work commitment aggreement for the Georgetown block, Repsol must spud before end of May.

Jaguar is a deep well and will take six (6) months to drill according to Repsol, so it will not be completed in August.  More likely October/November.  And Eagle will follow if they use the same rig which has to be spud before end of December according to the work commitment for Corentyne.

Also, a well will be spud in Feb off the coast of French Guiana, operated by Shell/Tullow.  It's in the deep waters.

GLTA
Bullboard Posts

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