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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

Comment by whyworryon Jul 11, 2021 1:25pm
189 Views
Post# 33527851

RE:RE:RE:No worries

RE:RE:RE:No worries Waiting still, I was commenting on slide 5 of the plata energy presentation.  The Berbice canyon play is not over top of corentyne, but two others are, the one you are referring to I assume being the basin floor fan and slope fan play which has been hugely successful for Apache.  That report also speaks highly of the geology of the shelf where much of corentyne and I guess Demarara lay.  More good news, and I share your excitement and optimism.  
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