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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
Comment by catkinon Apr 11, 2012 1:47pm
454 Views
Post# 19781375

RE: April presentation

RE: April presentation

Eagle was spud on February 13th and Jaguar on February 9 (four days earlier). So it is conceiveable that Jaguar hit the Eocene level prior to Eagle getting there!

They could have got to that level prior to the President's visit and in fact could have been the reason for his visit. This could have also been the source of the Presindent's "promising results" comment.

Should this have been the case, I still think that the President wanted to be one of the first to see this monumental event for Guyana!

Bullboard Posts