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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. 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

CGX Energy Inc
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Comment by catkinon Mar 01, 2013 12:21am
282 Views
Post# 21060021

RE: RE: RE: RE: RE: CGX is still alive

RE: RE: RE: RE: RE: CGX is still alive

1$B could also fund a lot of on-shore wells.

Note that Surinam has been tapping it's Tambaredjo on-shore wells for over 30 years.

Furthermore, PRE does not mind natural gas!

In 1970 Great Britain revolutionalized it's way of life by changing to, the newly found North Sea natural gas and it totally changed the way of life for every Brit.

Guyana could benefit the same! This could be the key to the whole thing!

Yamoron or any other Guyanese resident please advise if Guyana has natural gas!

Tullow stated that they are not interested in natural gas, but maybe Guyana is. This could be the determining factor to stick with CGX and subsequently CGX/PRE! Guyana will accept either gas or oil!

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