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.

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CGX Energy Inc > DEMERARA PROSPECT

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Comment by jtddon Feb 20, 2021 3:05pm

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Post# 32619384

RE:DEMERARA PROSPECT

Are you sure this is for Demerara?

"However, after review, Demarara appears Ron offer intriguing value that perhaps is yet fully understood. Given the recent presentation released by CGX, the first prospect to be drilled "is over 30,000 acres in size; it is larger than any known discovery made to date in the Guyana Suriname basin". Furthermore, "is a single albian / aptian play type" - which is in the Cretaceous known to hold high quality and high value oil."

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