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 OIL_RUNon Jul 20, 2012 10:58am

559 Views

Post# 20135184

JULY-20-2012: UPSTREAM ARTICLE

New artilce is written on the upstreamonline website as of today (July-20-2012) entitled - REPSOL HALTS DRILLING OF PROMISING GUYANA WELL

Nothing new in the article that we are not aware of. However, the author states that Repsol and Tullow Stock sell off was a "knee jerk reaction". Also, the article emphasizes "light oil was recovered in 2 turbidite fans atop the primary objective." I guess, that is why the title of the article includes the word PROMISING.

Bullboard Posts

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide