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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Post by mark92on Mar 30, 2022 6:50am
228 Views
Post# 34558055

Proposed drilling of WEI-1 ...

Proposed drilling of WEI-1 ...

Guyana’s Environmental Protection Agency (EPA) released a revised summary for CGX Resources’ proposed drilling of an oil and gas exploration well.

The project entails the spudding of well Wei-1 in the northern portion of the offshore Corentyne license.

The start of drilling is penciled in for the second half of this year and would follow the discovery at the Kawa-1 well in the same area.

The third revision with EPA comments addressed is available here.

https://www.bnamericas.com/en/news/guyana-suriname-upstream-watch

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