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 deepthinkon Oct 14, 2011 3:59pm

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Post# 19150894

RE: Inpex testing?

Dear strange_brew,
thanks for your information. One question I have about your comments on Schlumberger being on board to test is the comments Tullow made about Zaedyus:
Are you testing this well?
Not planning to test this well now but we may test it at a later date. We were drilling a wildcat where typically you have a COS of 15% or so. Testing would have incurred a lot of rig pre-investment. It’s standard industry practice not to have testing equipment on the rig for wildcats. But we saw good (oil) mobility from the testing tools and recovered good oils to surface. We got good logs as well. We don’t see any issues with a DST.

So then why would Inpex be testing?

Would anyone with industry experience like to comment?

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