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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 mark92on Jun 13, 2012 1:35pm
690 Views
Post# 20009201

France suspends ALL offshore drilling in French gu

France suspends ALL offshore drilling in French gu

Shell Blindsided By French Halting Guyana Drilling

Royal Dutch Shell PLC (RDSB.LN) said Wednesday it has yet to be officially notified of a French decision to suspend oil drilling in the waters off the coast of its overseas region of Guyana.

"We have not been officially informed of this action and have no comment at this time," said a Shell spokesman.

Earlier Wednesday, French Environment Minister Nicole Bricq said all oil exploration offshore French Guyana has been suspended until further notice.


https://www.foxbusiness.com/news/2012/06/13/shell-blindsided-by-french-halting-guyana-drilling/

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