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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Post by Atonon May 30, 2019 10:46am

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Post# 29785029

New Frontera presentation; 3-4 wells in 2019 !!

Over 1.8 million gross acres in the hottest offshore exploration basin in the world
Two well commitment plus a two well option, total capital estimated at less than $50 million net to Frontera
Multiple play types with vertical and lateral migration derisked by 13 discoveries on adjacent block with 5.5 billion boe of resources
First well, Utakwaaka-1, to be drilled by the end of November 2019, additional 3-4 peer wells drilled in 2019