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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Comment by OIL_RUNon Oct 31, 2019 1:26pm

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Post# 30292905

RE:Q3 APACHE INVESTOR PRESENTATION

Majority of the Q&A section was related to Suriname. Below are Apache's comments on Maka (earnings call):

- Apache now just above the reservoir targets. To date, Apache has not seen anything unanticipated during the course of drilling Maka - things on track.

- Maka will test two cretaceous reservoir targets. Apache anticipates reservoirs will be oil prone (as opposed to gas or gas-condensate).

- Maka reservoirs are expected to be thick based on seismic and basin analysis.

- Apache has permitted 9 wells on Block 58. Subsequent wells will be based on Maka well results.

- Apache yet to fully assess and risk the upper tertiary / Miocene prospects on Block 58. Though, Miocene prospects are visible on 3D and part of the 7 plays and 50 prospects Apache has alluded to previously.

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