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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
Post by OIL_RUNon Dec 19, 2018 11:52am
175 Views
Post# 29135086

CGX - DEGOLYER & MACNAUGHTON RESERVE REPORT

CGX - DEGOLYER & MACNAUGHTON RESERVE REPORTSee below link - most recent third party reserve report that has been published on the Corentyne Block.


Not sure if the Utakwaaka is assocaited with either Crabwood, Kabukalli (488mmbbl), or a complete seperate prospect altogether. Perhaps we will get more details from CGX or Frontera in the near future - as it appears they are holding the information tight at this time...


Also, would hope to get some insight on the Demerara Block and associated leads / prospects post 3D seismic shoot and interpretation. Same goes for the Eagle Deep area - where Exxon has already made a commercial discovery (Pluma).


Looking at information from 2013 does not seem particularly relevant today.


https://cgxenergy.ca/cmsAssets/docs/financials/51-101%20DeGolyer%20and%20MacNaughton%20Report%20-%20Mar19-13.pdf


Bullboard Posts