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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Bullboard Posts
Comment by kaosblueson Jun 27, 2012 6:39am
453 Views
Post# 20057913

RE: Article from Business Guyana - Anadarko

RE: Article from Business Guyana - Anadarko

Well Rover, looks like you are off the hook for getting that advice from your dog Cleveland.  I must admit that it is pretty darn unlikely that Anadarko would be a prospective JV partner on ED in light of the negotiated block announced today. This was probably the unsubstantiated "chatter" I was picking up on last month, but it wasn't too far off, and one might caution it technically isn't over until the fat lady sings.  It does look however, more and more like any JV for ED and possibly beyond will probably involve Tullow and/or Repsol, especially given that encouraging signs are flowing from Jaguar.

Bullboard Posts

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