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

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Post by Hotshot85on Feb 14, 2022 9:28am

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Post# 34425797

NET PAY

there is a small change in todays PR from the last and that is the change from "hydrocarbon bearing zone" and "NET PAY" very different in terms of Oil and Gas Definitions

Net pay
Net Pay is a key parameter in reservoir evaluation, because it identifies those penetrated geological sections that have sufficient reservoir quality and interstitial hydrocarbon volume to function as significant producing intervals.

Language matters

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Advancing flagship Ishkõday Gold Project in Ontario