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

Bullboard Posts

Post by deepthinkon Dec 09, 2009 3:49pm

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Post# 16570296

Dec 8 - re Georgetown block

This is the first time we have seen seismic from the Georgetown block. It looks similar, and equally promising to the Corentyne. CGX could be worth more than the current market valuation just based on its participation in this asset. Also, this is the first time that we have seen data from Rock Solid, indicating the presence of hydrocarbons. All very positive. The only bad part is the recently declining price of oil...

Bullboard Posts

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