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 mark92on Apr 21, 2010 8:18am

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Post# 17013970

Guyanese Head Draws Investors

Guyanese Head Draws Investors

``We also have some oil fields and natural gas. Development is just starting up now, so you can find many business opportunities there. You can even get tax exemption.''

He asked Korean companies to become involved in those projects informing them of international oil companies who have already joined development programs in the nation. ``Many international oil companies, including Shell and Exxon Mobile, are taking part in the (mining) projects. A U.S. research center said that Guyana will become one of the major producers of oil and natural gas in 10 years.''

https://www.koreatimes.co.kr/www/news/biz/2010/04/123_64640.html

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