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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 Atonon Jan 12, 2020 8:09am
194 Views
Post# 30543601

Maka contains 300 + 150 million of oil and condensate !!

Maka contains 300 + 150 million of oil and condensate !!Seems like Maka is a huge oil find, and just a couple of kilometers away from CGXs block, CGX will probably soon release the drilling locations in the north part of Corentyne, in the golden triangle of Maka / Pluma / Haimara. CGX will sky rocket if a good prospect is shown here.


WoodMac’s Luiz Hayum and colleagues estimate that the first discovery at Maka Central-1 contains 300 million barrels of oil, 150 million barrels of condensate and 1.4 trillion cubic feet of gas, the consultancy group said in a recent report.

https://oilnow.gy/featured/suriname-discovery-contains-300-million-barrels-of-oil-over-1-trillion-cubic-feet-of-gas-woodmac/
Bullboard Posts