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. 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.

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CGX Energy Inc

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Post by OIL_RUNon Oct 10, 2012 6:12am

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Post# 20467337

OCT-10-2012: GUANA ON VERGE OF BIG IL DISCOVERY

More upbeat comments from the Guyana press with reference to David Devine, Canadian High Comissioner to Guyana.

Anyone have the rest of the new link?

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https://www.stabroeknews.com/2012/news/stories/10/10/guyana-on-verge-of-potentially-big-discovery-of-oil-canadian-envoy/

GUYANA ON VERGE OF POTENTIALLY BIG DISCOVERY OF OIL

OCT-10-2012

Canadian High Commissioner David Devine says he believes that Guyana is on the verge of a potentially big oil find but he cautioned that harnessing this would require a transparent framework and policies to ensure sustainable development gains.

Devine made these disclosures in his presentation at the Central Corentyne Chamber of Commerce and award ceremony held recently. “Development is about transforming the lives of people, not just transforming economies,” …..

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