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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 Oct 31, 2019 8:54am
207 Views
Post# 30290902

Q3 APACHE INVESTOR PRESENTATION

Q3 APACHE INVESTOR PRESENTATIONLocation of Apache's Maka where they hold 100% interest. The location appears to be ~7 miles East of CGX's Northern Corentyne Area.


We are potentially looking at 3 major discoveries (Pluma, Haimara, and Maka) just miles from CGX's Corentyne Area. In terms of size, rough estimates of these discoveries are between 1B and 1.5B boe...


Believe there are multiple (exciting) options on the table for CGX/Frontera to consider. Just need to be patient - ensure we get the best deal (or deals) possible. In turn, progressively maximize shareholder value as the basin continues to be de-risked and potential reservoirs / discoveries are made on CGX licenses. 


https://investor.apachecorp.com/static-files/1bc88bd5-1397-4d39-901f-ed3a8fb6ba59
Bullboard Posts