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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc

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Post by simonx72on Oct 19, 2009 10:25pm

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Post# 16402270

Tullow

I cannot post the link,but look at Tullow's AGM on May 12 ,2009.

Slide 10 shows that they acquired 2,334 sq km of 3D.But they have only farmed into the Georgetown block where 1839 sq km of seismic was acquired.

So how did they reach a figure of 2,334? Well add in the 500 sq km for the Coryntene block that CGX holds,and you have it.So my presumption is that they paid for the Coryntene seismic or will pay for it ,and will be the JV partner,or one of the partners.

Could I be wrong?Sure,but my speculation has some merit.

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