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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 > FYI
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Post by Udinese69on Feb 17, 2021 1:14pm
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Post# 32585843

FYI

FYI
Frontera Releases Independent Resource Evaluation for Guyana Blocks (newswire.ca)



Thirty-two oil drill prospects found in Corentyne and Demerara blocks

-Frontera

The Corentyne and Demerara blocks.
The Corentyne and Demerara blocks.
By Stabroek News

Frontera Energy Corporation yesterday disclosed that a total of 32 drill prospects have been identified in the offshore Corentyne and Demerara blocks.

 

Frontera and its partner, CGX Energy Inc, contracted McDaniel & Associates Consultants Ltd to conduct a resource evaluation of their concessions in the Guyana-Suriname basin

In a statement, Frontera announced that McDaniel identified 27 prospects in the Corentyne block and 5 in the Demerara block.

HAGD
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