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.

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CGX Energy Inc

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Comment by catkinon Mar 01, 2013 12:21am

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Post# 21060021

RE: RE: RE: RE: RE: CGX is still alive

1$B could also fund a lot of on-shore wells.

Note that Surinam has been tapping it's Tambaredjo on-shore wells for over 30 years.

Furthermore, PRE does not mind natural gas!

In 1970 Great Britain revolutionalized it's way of life by changing to, the newly found North Sea natural gas and it totally changed the way of life for every Brit.

Guyana could benefit the same! This could be the key to the whole thing!

Yamoron or any other Guyanese resident please advise if Guyana has natural gas!

Tullow stated that they are not interested in natural gas, but maybe Guyana is. This could be the determining factor to stick with CGX and subsequently CGX/PRE! Guyana will accept either gas or oil!

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