Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Dell1on Jan 02, 2024 4:18am
244 Views
Post# 35806595

CGX is in JPT with other big boys

CGX is in JPT with other big boys



https://jpt.spe.org/e-p-notes-january-2024

Discoverer Makes Discovery in Guyana

 

Offshore Guyana is home to one of the latest oil discoveries of 35 m of net pay at the Wei-1 well on the Corentyne block. The discovery is thanks to the partnership of CGX Energy Inc. and Frontera Energy Corp., with the joint venture believing that the rock quality discovered in the Maastrichtian horizon in the Wei-1 well is similar to that reported in the Liza Discovery on Stabroek Block. Results further demonstrate the potential for a standalone shallow-oil resource development across the Corentyne block, according to the companies.
 
The Wei-1 well was safely drilled by the Noble Corp.’s Discoverer semisubmersible mobile drilling unit in water depth of approximately 583 m to a total depth of 6233 m, according to the companies. A total net pay of 104 m has been discovered on the Corentyne block to date.
<< Previous
Bullboard Posts
Next >>