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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 Jan 09, 2012 10:13pm
695 Views
Post# 19384580

Suriname

Suriname

From an article on Suriname's state oil company:

Exploration for oil will continue this year to increase Staatsolie oil reserves. Waaldijk expects to add new land reserves to the existing reserves by end 2012. Prospects to strike oil are good so far. Exploration drilling at sea is scheduled for 2013.

https://www.stabroeknews.com/2012/news/breaking-news/01/08/staatsolie-aims-at-leader-position-in-3-years/

Presumably Staatsolie has decided that it would be worth doing more offshore exploration. Possibly this suggests that they liked what they saw in the Inpex results. 

 
Bullboard Posts