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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 Windyhillon Jan 17, 2022 6:37pm
205 Views
Post# 34326430

RE:Updated Guyana Map (via HESS investor presentation)

RE:Updated Guyana Map (via HESS investor presentation)
westcanpride wrote: Includes updated Lau Lau and Fangtooth discoveries. Notably, Lau Lau is between Pluma and Haimara is by far the crown jewel (so far) with almost 100m of net pay. The discovery depth/formation was not disclosed for Lau Lau by either HESS or Exxon, but based on offset discoveries and CGX internal prospect map, its very likely Campanian in age. 

One would have to imagine if Kawa-1 is successful, the next well should be within this pocket of Corentyne targetting their next best prospect that should hopefully have similar net to Pluma/Lau Lau/Haimara. 

Figured I would include in a message, as I have not seen any good ones online so far. 



WCP..... Thanks for sharing this info....excellent relevant info for Investors in this space. GLTA.


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