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 > Dirksidetrack Recent Posts

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Comment by Dirksidetrackon Jan 03, 2022 10:22am

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Post# 34278943

RE:RE:RE:RE:RE:Dirksidetrack Recent Posts

Thanks PlainviewOil, Yes I wonder what post-discovery will look like. Your opinion makes most sense to me. Just to construct an FPSO probably takes a team of in-house people and/or consultants who have years of experience specializing in that. So, I'm leaning towards a long post-discovery period of negociations with a major or a consortium of majors. But at least the sp will have a solid floor underneath it during that period of time. Thanks again!

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