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 > DEMERARA PROSPECT

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Comment by jtddon Feb 20, 2021 3:05pm

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Post# 32619384

RE:DEMERARA PROSPECT

Are you sure this is for Demerara?

"However, after review, Demarara appears Ron offer intriguing value that perhaps is yet fully understood. Given the recent presentation released by CGX, the first prospect to be drilled "is over 30,000 acres in size; it is larger than any known discovery made to date in the Guyana Suriname basin". Furthermore, "is a single albian / aptian play type" - which is in the Cretaceous known to hold high quality and high value oil."

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