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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 TSXNOOBon Aug 30, 2014 12:11am
271 Views
Post# 22892258

RE:RE:Good news for CGX Energy out of Guyana

RE:RE:Good news for CGX Energy out of Guyana

On December 30, 2013, Repsol announced that it had reached agreement to farm out 30 per cent of the Kanuku licence to RWE Dea, despite CGX’s legal challenge. However, regulatory approval from the Guyana Geology and Mines Commission (GGMC) had not yet been procured.

https://www.guyanatimesgy.com/2014/01/19/cgx-restrains-repsol-from-farming-out-kanuku-licence/
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