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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
Comment by catkinon Nov 17, 2014 4:36pm
255 Views
Post# 23137540

RE:Inpex and Albian

RE:Inpex and AlbianWaitingstill If you go on Inpex's website and refer to latest press releases, then click on "more" in the left hand bottom of that area you will go to earlier PR's. Scroll down to July 31, 20133 and there is a press release stating that they have sold 30% of Block 31 to Tullow. Inpex has kept it's cards very close to its chest, but I am convinced that at least Tullow were very happy to get more of the pie. Shortly after the discovery a little bird from CGX had the impression that the find was commercially viable. I suspect that Tullow would know one way or the other. Wouldn't you! If I remember correctly there may have been some more clarification of the find since, but again Inpex have been very Mom! In addressing your point I am not sure of the Chinese working with the Japanese these days, but you never know this could be the first step in reconciliation.
Bullboard Posts