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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 Atonon Jan 28, 2020 4:41am
160 Views
Post# 30606939

Hess: "Uaru underpin a significant increase in estimate..

Hess: "Uaru underpin a significant increase in estimate..Wow this concerns also CGX and the new list of prospects that are coming soon ..Hess talsk about Exxons new find Uaru..

Hess Corp., an exploration company and partner of ExxonMobil on the Stabroek Block, also celebrated the latest discovery. CEO John Hess said in a statement that the finds at Uaru, Tripletail and Mako “underpin a significant increase in estimated gross discovered recoverable resources for current and future developments.”

https://www.forbes.com/sites/dylanbaddour/2020/01/27/massive-guyana-oil-find-continues-to-grow-with-fresh-exxon-discovery/

“We also continue to see multibillion barrels of additional exploration potential remaining,” he said.




Bullboard Posts