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 > Second well of the Discoverer ALSO on Corentyne...

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Comment by Rapsanion Sep 30, 2021 12:51pm

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RE:RE:RE:RE:Second well of the Discoverer ALSO on Corentyne...

If they drill 2 wells in Corentyne I would expect so another work committment change with the government agreeing, as they have in the past, so we do get an extension on Demera in lieue of exceeding committment on Corentyne. Or maybe what they see in Demera isn't as good and are willing to relinqish it... or a future JV partner said drill 2 where you are. After 20+ years I expect the unexpected with CGX.

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