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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 BigBadBon Jun 18, 2013 2:03pm
152 Views
Post# 21538283

RE: RE: RE: close .12

RE: RE: RE: close .12

Does Repsol have all the data that CGX has? I am not sure. PRE is medium size fish at best, not really a big one.

I am betting that politics being a concentrated economics and, with the recent change in presidency, there may be some changes coming down with regards to power players in this region. That may create a one messy transition period. I would not be shocked if there will be additional delays annouced in drilling program and nothing substantial happens in terms of drilling for next couple of years.

A lot of the exitement for this basin was generated by more awareness of "peak oil" theory but that theory seems to be exposed to more and more cracks every day.

Bullboard Posts