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

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Post by kentoon Apr 25, 2012 10:03am

509 Views

Post# 19833199

SOMETHING TO PASS TIME WHILE WE WAIT

SOME NEWS WHILE WE WAIT. HERE THE COMPANY DISCOVERED 222' OF GAS.

Darwin East

Operator:	Borders & Southern
Water Depth:	n/a
Region:	S. America - Other & Carib.
Country:	Falkland Islands (Malvinas)
Last Updated:	Apr 23, 2012 (view update history)


The Darwin East prospect is located in the South Falklands Basin in the South Atlantic, some 87 miles (140 kilometers) south of the Falkland Islands in PL018. Borders & Southern wholly owns and operates the prospect. The operator made a gas/condensate discovery in the 61/17-1 well on the Darwin East prospect. The well, reaching a total depth of 16,000 feet (4,876 meters), encountered good hydrocarbon shows from 15,200 to 15,780 feet (4,633 to 4,810 meters). The main reservoir interval comprises good quality massive sandstone and is found to be 277 feet (84.5 meters) thick with net pay of 222 feet (67.8 meters).

Boders & Southern Find Gas in Darwin East

Type: New Discovery

Apr. 2012 - Borders & Southern has made a gas/condensate discovery in the 61/17-1 well on the Darwin East prospect in the South Falkland Basin. The well, reaching a total depth of 16,000 feet (4,876 meters), encountered good hydrocarbon shows from 15,200 to 15,780 feet (4,633 to 4,810 meters). The main reservoir interval comprises good quality massive sandstone and is found to be 277 feet (84.5 meters) thick with net pay of 222 feet (67.8 meters). Fluid samples from the reservoir have been recovered and will be brought back to the UK for analysis. The operator will complete wireline logging operations, plug and abandon the well, then move the Leiv Eiriksson rig (DW semisub) on to the Stebbing prospect.

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