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 OIL_RUNon Aug 21, 2019 4:06pm

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Post# 30052054

STAASOLIE NSD - KANKANTRIE

Solid update out of staasolie regarding their near shore drilling (NSD) project.

If you go on their website - it seems they are in the process of drilling the KANKANTRIE prospect which is very close to CGX’s Corentyne Block and Guyana’s maritime border.

Very good video update on their website.

CGX shareholders: we are surrounded by numerous ongoing / imminent offshore exploration campaigns - Tullow, Apache, Repsol, Staasolie and Exxon - multiple play types to be tested. Each play type having it’s own unique impact on the valuation of CGX licenses.

Very exciting times!

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