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 OIL_RUNon Dec 12, 2016 10:31am

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Post# 25585273

RE:RE:NOV-2016: TULLOW PRESENTATION

jtdd - generally yes.

I believe, Tullow is using the term "up-dip" to indicate there are similar sized Liza prospects in the shallow waters and also located at shallower depths. A similar play concept targeting cretacous aged sands / carbonates.

There are some different uses of the term across the industry - "up-dip, "down-dp", etc... But, you can see what they are trying to get across to their investor base.

For further information on shallow water prosepects that may be relevant to the Guyana/Suriname basin - would recommend to research Cairn's discovery in Senegal - FAN and SNE.

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