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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 Japanophiliaon May 03, 2012 3:05pm
410 Views
Post# 19867909

Proven Reserves

Proven Reserves

Just realised that Tullow has a 2011 year-end commercial reserves of 242.4 MMbbl, yet the market capitalisation is above GBP 14.05B. Tullow March 2012 Fact Book, page 9:

https://www.tullowoil.com/files/pdf/results/2011_full_year_factbook.pdf

An oilshow downdip of the apex is supposed to give anything above that as proven reserves:

https://www.armchairgeneral.com/forums/showthread.php?t=122013

I'm still trying to figure out the difference between reserves and resources.

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Dealroom for high-potential pre-IPO opportunities