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.

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CGX Energy Inc

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Post by OIL_RUNon Mar 20, 2012 1:23am

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Post# 19693240

TULLOW - CARBONATE PLAY

Just went over the Tullow conference call for a second time - pick up several additional points worth mentioning.

Angus McCoss mentioned on the recent conference call Tullow's intent to expand it's geological focus - which will now include carbonate plays (see slide 24).

I believe Tullow is the best exploration company in the industry and have the track record to back it up. I believe this is another endorsement by Tullow that should add some credability to CGX's Albian prospects (i.e. Crabwood & Kabukalli).

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