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

Post by catkinon Apr 24, 2012 9:44pm

572 Views

Post# 19831852

JV Partnership

As I stated months ago, OYL will have a joint venture partner and that will be INPEX!!!!

There is no doubt in my mind that Inpex struck oil and are not disclosing it until they get their internal problems sorted out with Suraname. Even the CGX website lists the well as oil find but "plugged and abandoned". This could cover a multitude of syns, but the bottom line is; was that discovery of commercial quality?

I think so and I also expect Impex to be CGX's next partner!

Anybody out there agree, disagree or just don't care!

We are all just guessing!

Bullboard Posts

A potential breakthrough in spinal cord and optic nerve injury treatment