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 JS4900on Aug 08, 2018 2:42pm

220 Views

Post# 28428862

RE:Could someone explain

What do they mean by prospect in this case? ">

I think it probably refers to a potential drilling target identified on seismic.

I think they'll probably name it after a prominent or important person, place, event, etc. relevant to Guyana or the Guyanese people.

It's quite a common practice, and sometimes helps to build 'goodwill' amongst local populations, etc.

jmo

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