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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

Post by PoseidonExploreon Aug 05, 2021 8:59pm
539 Views
Post# 33661710

Port Wait

Port WaitThe Maersk Discoverer will sail once the Tidewater Polaris reaches the TT Port. It is currently 200 NM to the North-West of the rig. Assuming a day for Port rendezvous, the Maersk Discoverer will likely depart likely Sunday. Polaris and Breaux Tide will be incorporated in use by CGX per the Guyana MARAD Notice to Mariners No. 86, https://marad.gov.gy/wp-content/uploads/2021/07/Notice-To-Mariners-86-of-2021-1.pdf Polaris has been waiting in Port Fouchon for a month or so while the Breaux Tide has already sailed it's way to the Discoverer's side. I would expect a notification of mobilization from CGX/Frontera on Monday morning prior to the TSX open.
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