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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Comment by catkinon Dec 18, 2013 6:51pm

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Post# 22020392

RE:RE:Pacific Rubiales 2014 outlook and guidance

Under the terms of the new Corentyne PA & PPL signed on Nov. 27, 2012, CGX made a commitment to drill at least two wells before Nov. 27, 2016. One could be Eagle Deep! This is what they may be referring too as "a contingent well". Hopefully some time next year with a 50/50 partner. Maybe we might hear some news of a JV partner pretty soon!

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This junior mining stock offers billions in market exposure