Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Oct 17, 2019 6:16pm
153 Views
Post# 30241938

RE:RE:3D SEISMIC - TETHYS & TITAN UPDATE

RE:RE:3D SEISMIC - TETHYS & TITAN UPDATEWaitingstill - it's possible Apache drilling ~5 miles from the Guyana maritime border might have pushed back the timing of CGX 3D seismic campaign. Perhaps the same goes for the Stabroek partners who have (over the past several weeks) avoided moving the Tethys to the maritime border (or around Haimara). The Tethys route looks like it has been mostly focused around Pluma - though tracking well within the Northern Corentyne Area.


Both seismic vessels and offshore drilling rigs (MODUs) have clear policies in place to ensure other vessels remain a safe distance away. It could be as much as 8 nautical miles of safe distance (discounting the rigs supply vessels).



So, this could be a reason (Apache drilling next to the maritime border) why we are seeing shifting timelines. In addition, now clear the Stabroek partners wanted to obtain additional 3D before heading back to appraise Pluma. Speculating the Stabroek partners will do the same for Haimara and the oil lobe prospect that is up dip of Haimara.


All very exciting!
Bullboard Posts