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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 OIL_RUNon Sep 06, 2019 2:37pm
197 Views
Post# 30103323

RE:STAASTOLIE- KANKANTRIE

RE:STAASTOLIE- KANKANTRIEA follow up to Staasolie’s Kankantrie well - https://m.starnieuws.com/index.php/welcome/index/nieuwsitem/54128


Tom Ketele, the project manager of Staasolie’s Near Shore Drilling Program states: “Kankantrie is a prospect that makes our heart beat because it could hold around 800 million barrels of oil. If our assessment is correct [Kankantire] could be a game changer for Suriname. Everyone is watching with full excitement. In the first week of September, if everything goes well, we will know if there is oil there.”


Per attached links - it looks like an adjacent prospect called “Lampoe” crosses into CGX’s Corentyne license! On one map - Kankantrie just slightly adjoins to CGX licenses!

https://www.intlpavilion.com/Cartagena_talks/02_staatsolie_cartagena_2018.pdf

https://www.staatsolie.com/en/news/2018/main-contracts-staatsolie-nearshore-drilling-project-successfully-tendered-and-awarded/


Another catalyst for CGX shareholders to watch for over the near future!
Bullboard Posts