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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

Post by SportyJon Apr 07, 2022 9:02am
284 Views
Post# 34583620

Kanuku Next Door

Kanuku Next DoorRepsol has awarded the jackup Noble Regina Allen a one-well contract offshore Guyana. Beebei-Potaro exploratory well will target two main objectives and one secondary objective. The main objectives include one in the Tertiary (Oligocene) and one in the Upper Cretaceous (Upper Campanian). The water depth is 71 meters, and the total depth of the well will be 4539 meters measured depth below rotary table (MDRT) / 4390 meters true vertical depth (TVDSS). Drilling operations will start at Beebei-1 on May 15, 2022. The estimated operation time for the well is 60 days.
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