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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Windyhillon Jun 23, 2021 6:57am
319 Views
Post# 33432922

RE:RE:A couple questions.

RE:RE:A couple questions.

Apache Corporation (APA), a 50% stakeholder in block 58. Total is operator and holds the other 50% stake. COMMENTS :

Eric Vosburgh, Vice President Exploration/Global Geoscience at APA Suriname told participants on Wednesday at the Suriname Energy Oil & Gas Summit that work is ongoing on the first two appraisal wells and the partners are appraising the first four discoveries. While declining to comment on the partners plans for an FPSO to develop the first project which is being targeted for start-up around 2025, Vosburgh said what has been discovered so far points to a block with massive production potential.

“What Apache Corporation (APA), a 50% stakeholder in the block. Total is operator and holds the other 50% stake.

Eric Vosburgh, Vice President Exploration/Global Geoscience at APA Suriname told participants on Wednesday at the Suriname Energy Oil & Gas Summit that work is ongoing on the first two appraisal wells and the partners are appraising the first four discoveries. say is that the ultimate scale of the resource and production potential is big. I think I need a word bigger than big, but it’s big. It’s a large block that we’ve discovered,” he pointed out. “We discovered a lot of stacked plays in stratigraphic sequences and we’re now just starting to unravel the connectivity between the discoveries and the bodies that they lie in. So, stay tuned.”

Good Luck to all LONGS.

 
<< Previous
Bullboard Posts
Next >>