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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
Bullboard Posts
User Avatar Image
(1)
•••
Post by kentoon Feb 02, 2012 10:46am
584 Views
Post# 19479408

CGX and Pescod

CGX and Pescod

EXTRACT FROM THE PESCOD LETTER 1st Feb 2011

 

The more we look at this story, the more we are becoming
to believe that this is one of the oil and gas plays
of the day. CGX Energy (OYL) may have its exploration
offshore Guyana that’s quite traditional...is the billion
barrels there offshore or not?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities