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 > Neophyte II

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Comment by oldcompanymanon Nov 12, 2021 7:40pm

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Post# 34122097

RE:Neophyte II

Hi SportyJ,

Circulated gas doesn't get flared, it is in tiny amounts and it just gets out of the mud being circulated. The flaring you refer to happens on welltest. Many exploration wells are not tested these days (appraisal wells are mostly tested). Therefore, on Kawa-1 there will be no flaring to see, unfortunately.

No need to risk your party barge so large at sea then I'm afraid...

GLTA,

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