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 Feb 26, 2014 6:28pm

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Post# 22256094

RE:RE:RE:RE:RE:RE:news release

Waitingstill, PRE announced about a month ago that they were going to invest up to $140M into the Guyana basin this year, which includes some 3D scanning (costing roughly $12M). There is speculation that roughly $100 - $120M may be for CGX (their subsidiary) to drill CGX's commitment well on Corentyne. This is the pool of money that I refer too, and which could result in funding at least two wells, one in Corentyne and the other in Kanuku (Repsol permitting).

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This junior mining stock offers billions in market exposure