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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Comment by shleevoon Sep 16, 2011 6:04pm

449 Views

Post# 19052376

RE: INPEX

Thanks for the info. So I presume this is where the rumors about Inpex hitting in the upper zone comes from. Hope they hit in other deeper zones as well and this turns out to be more than a technical discovery.

Personally I'd like to see a farm in asap. It's long overdue. Tullow results are all we should need to get a good deal. Anyone who wants to drill in the near future has few options. We're likely one of the only companies with several targets that are drill ready.

GLTA

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