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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. 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.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by mark92on Dec 11, 2009 7:20am
404 Views
Post# 16576727

RE: RE: $ 234 million...

RE: RE: $ 234 million...Middle East news agency.. Menafn.com...

"Royal Dutch Shell RDSA paid a reported $234 million to buy up to a 45% of Tullow Oil's license to explore for oil in offshore French Guyana"

Cannot post the link.. Goto to menafn.com.. then search news with "shell guyana"..
Article from the 11th of November 2009.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities