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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
Post by OIL_RUNon Oct 14, 2019 1:17pm
325 Views
Post# 30228619

RAMFORM TETHYS & TITAN - STATUS UPDATE

RAMFORM TETHYS & TITAN - STATUS UPDATE

A quick status update on FleetMon shows the RAMFORM TITAN is now offshore Guyana. However, it's recent route shows it tracking East of Corentyne - slightly north of Demerara and Orinduik.



Of interest is the RAMFORM TETHYS which has been in Guyana for several months doing work for Exxon. Based on its historical route of the TETHYS (past week) it has been tracking through CGX's northern Corentyne area (as mapped by CGX's press release). Interestingly, the Tethys route also extends well into the Stabroek license (route appears to extend north of Pluma).


Take with a grain of salt - but, it would seem the Tethys route is capturing uninterrupted 3D data across the Northern Corentyne Area and the southern Stabroek area.


would recommend CGX shareholder to go on fleetmon to check out for themselves. Read through here is the possible coordination taking place between the Stabroek and Corentyne interest holders. Very interesting indeed!

Bullboard Posts