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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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Comment by Santanj2950on Mar 10, 2013 11:07am
229 Views
Post# 21106886

RE: RE: pumper

RE: RE: pumper

"They haven't found a sign of oil on Guyanese soil even though there is supposed to be a good amount. "

Facts:
 
1. ES had oil shows but found trap breached at TD. Mismanagement potentially tied to over excitement from quality of shows.
 
2. Jaguar recovered light oil from 2 zones.
 
Technically, a working petroleum system has been established.
 
GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities