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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Post by Atonon Apr 29, 2019 3:42am

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Post# 29682016

New Article "..derisked by Exxon.."

It starts to heat up ..

https://oilnow.gy/featured/cgx-looking-for-new-dawn-in-guyana-oil-and-gas-hotspot/

Frontera, in its corporate presentation released this month, said Guyana opportunities include multiple play types with vertical and lateral migration, derisked by ExxonMobil’s multiple discoveries in the adjacent Stabroek block. The company said 8 to 9 prospects have been identified with further potential following additional 3D seismic program and evaluation.

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