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 deepthinkon Apr 12, 2012 2:45pm

745 Views

Post# 19787073

CGX's western licenses

CGX has a huge license off the NW of Guyana. So far, the company hasn't been able to make progress there because of a territorial dispute with Venezuela. However, if the border could be settled, then the license would become a lot more valuable. Fortunately, the countries appear to be moving towards a settlement.

This is a bit long term, when we are all focused on Eagle Shallow's imminent results, but I think it could be important.

https://www.blacknet.co.uk/component/content/article/197-global-round-up/caribbean-news/guyana-news-update/4181-extension-of-continental-shelfguyana-makes-oral-presentation-to-un

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