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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. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Bullboard Posts
Post by OIL_RUNon Aug 26, 2012 2:03pm
662 Views
Post# 20262108

AUG-26-2012: CGX PREPARING FOR NEW EXPLORATION WEL

AUG-26-2012: CGX PREPARING FOR NEW EXPLORATION WEL

Anyone have access the rest of the article?

https://www.stabroeknews.com/2012/news/stories/08/26/cgx-preparing-for-new-exploration-well/

CGX PREPARING FOR NEW EXPLORATION WELL

-as interest remains in Guyana Basin

Despite the failure of recent efforts to find oil in commercial quantities here, there is continued interest in the Guyana Basin in both near shore and in deep water locations and Canadian exploration company CGX is starting preliminary work on plans for a subsequent exploration well in their Contract Areas.

“CGX Resources Inc have given the assurance of their commitment to continued exploration in the basin. In that regard, CGX has commenced preliminary work on plans for a subsequent exploration well in their Contract Areas,” …..

Bullboard Posts