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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 Aug 29, 2019 10:12pm
225 Views
Post# 30081654

MARCH-2019: CNOOC ANNUAL RESULTS

MARCH-2019: CNOOC ANNUAL RESULTSMore information to share: https://www.cnoocltd.com/attach/0/88001caadb4443f79773cae2a706b95d

See slide 12 - it appears there are multiple prospects surrounding Pluma. Of interest - some of the prospects (in particular Pluma) appears to cross over into CGX’s Corentyne license! Again, difficult to assess whether the prospects actually end where Exxon’s seismic ends; or, whether the prospects actually proceed past the area where Exxon has shot 3D.

CGX’s 3D seismic shoot over the Northern Corentyne area will answer all these questions regarding where these reservoirs actually start and stop.

Irrespective, good to see one of the partners in the Stabroek license map the prospects in a manner that would indicate Pluma (perhaps other prospects) are likely to cross into CGX’s Corentyne license.


Take me a look at ‘lead 14’ by Haimara. That’s another prospect that clearly crosses into the Corentyne License.



Bullboard Posts