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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
Comment by deepthinkon Nov 14, 2011 6:33pm
810 Views
Post# 19236751

RE: Inpex

RE: InpexI expect Inpex to report their results only some weeks after releasing the rig. Interpretation of data takes time. So I agree with Simon that we won't hear results as soon as we would wish. However, each additional day of delay for the rig (or reporting results) is a positive. The key thing that we don't want is for Inpex to say that they found a dry hole or gas shows with no commercial value, which wouldn't take much testing or analysis.
Bullboard Posts