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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 simonx72on Apr 01, 2012 2:19pm
757 Views
Post# 19745197

Oil booth by September

Oil booth by September

I suspect Ramotar knows something.

https://www.kaieteurnewsonline.com/2012/04/01/guyana%e2%80%99s-potential-to-take-off-is-here-ramotar/

Guyana’s potential to take-off is here – Ramotar

April 1, 2012 | By KNews | Filed Under News

- Private sector has a major to play

President Donald Ramotar has assured that Guyana is well positioned to take-off and the private sector has a very important role to play in partnering with Government and other social forces so that the country could grow in one direction.
“The potential we have always been speaking about for such a long time that that possibility for us taking-off is here at this time…We must take the opportunity…our country can fly,” Ramotar said.
He made those remarks at the launching of GuyExpo 2012 at the International Conference Centre, on Friday. The actual opening of GuyExpo 2012 is slated for September 27.
In keeping with this year’s theme of ‘Strengthening the Traditional Embracing the New,’ Ramotar said, “I am of the view we have to consolidate what we have, build on it, strengthen it and also seek for new areas of development in our country.”
The Head of State noted that is an exciting time in Guyana and referred to his visit to the two oil rigs that are operating off shore. He is hopeful that by the actual launch of GuyExpo there would be a booth on gas and oil in Guyana. This would put Guyana among an elite group of countries that are oil producers

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