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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
Comment by OIL_RUNon Oct 15, 2019 2:07pm
207 Views
Post# 30232566

RE:RE:RE:RE:RAMFORM TETHYS & TITAN - STATUS UPDATE

RE:RE:RE:RE:RAMFORM TETHYS & TITAN - STATUS UPDATE

Waitingstill - to answer one of your questions PGS has a number of "Titan-Class" vessels in its fleet. The Titan and Tethys are both "Titan-Class" vessels.


see link for complete list of PGS "Titan-Class" vessels: https://www.pgs.com/marine-acquisition/tools-and-techniques/the-fleet/


As to which vessel will be used to shoot seismic over the northern Corentyne area - would suspect it may be the Tethys (based on what fleetmon is showing).


As to whether the seismic program is being coordinated with the Stabroek partners is another question altogether.  Based on the Tethys historical route - the Tethys appears to be shooting uninterrupted seismic over the Northern Corentyne Area and the southern East area of Stabroek.


If there is coordination - believe this is a positive read through there is some dialogue taking place among the Stabroek partners and CGX/Frontera. What will ultimately come from that dialogue (JV) is merely speculation at this time.


An exciting time to be a CGX shareholder!

 

Bullboard Posts