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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Post by OIL_RUNon Dec 02, 2011 12:17am
944 Views
Post# 19285651

Petro-Daily

Petro-Daily

Please take this information with a grain of salt.  The source of the information is Petro-Daily.  It would appear the rig is preparing to be moved to the Jaguar location... 

It may be possible further news will be announced as it pertains to the future status of the Atwood Beacon.  I am sure the Operators in the region (Murphy, Repsol, CGX, Inpex, Noble, etc.) would like to have the Atwood Beacon remain in the basin...     

Jackup Atwood Beacon is waiting on a suitable weather window to mobilise to thefinal well location of its rig-share charter offshore Surinam and Guyana.The rig has concluded operations on Block 31 off Surinam, where it was drillingthe Aitkanti exploration well for Inpex. The final well of the contract will bedrilled for Repsol YPF, targeting the Jaguar prospect in the GeorgetownConcession off Guyana. This deployment should keep the 400ft IC unit occupieduntil around May 2012. Atwood Beacon remains available for charter followingthe conclusion of this commitment.

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