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.

TSXV:OYL - Post by User

CGX Energy Inc

Bullboard Posts

Comment by Atonon Jan 13, 2020 8:46am

156 Views

Post# 30545554

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

Be prepaired for a big rally first half of 2020, could be any day from now ..

Frontera:

The Company, along with its joint venture partner, CGX Energy Inc., expects to select drilling locations for each block during the first half of the year. Additionally, during the first half of 2020 the Company will be providing a resource report for the two blocks offshore Guyana

Aton wrote: 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/