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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Bullboard Posts
Post by deepthinkon Oct 24, 2011 8:34pm
736 Views
Post# 19177598

more on renewal of PPL

more on renewal of PPLAs those of you who read my posts know, I worry about the renewal of CGX's PPLs. However, I was happy to read about how CGX's investments in exploration are being used as evidence of the government's success in the election campaign. See NCN Guyana.
... Lumumba also alluded to the fact that under the PPP/C administration the country has seen the construction of a Berbice University which serves the educational needs of those residing in that location of the country; the construction of a number of schools from nursery to secondary, across the country; the modernization of Amerindian communities; the pursuit of cheaper fuel with the Amaila Falls project; a number of new housing schemes across the country where persons are proud owners of homes;  the One Laptop per Family Initiative, where 90,000 under priviledge residents will own a laptop and further, receive training in the use of Information Communication Technologies; modern airports both at Timehri and Ogle and the exploration for oil by the CGX oil company. ...
Bullboard Posts