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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.


TSXV:OYL - Post by User

CGX Energy Inc > WELL
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Comment by Devanand1on Mar 05, 2022 5:43am
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Post# 34486150

RE:RE:RE:WELL

RE:RE:RE:WELLJnadboy28
Another eruption of natural gas at Diamond
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GGMC Senior Petroleum Technologist, Mitchell Prince, left, speaking with the home-owner Soownauth Gorakh. In the background is the pipe set up to control the gas emission (Samuel Maughn photo)
GGMC Senior Petroleum Technologist, Mitchell Prince, left, speaking with the home-owner Soownauth Gorakh. In the background is the pipe set up to control the gas emission (Samuel Maughn photo)

Residents of Diamond Housing Scheme awoke Wednesday morning to another eruption of natural gas at the Fourth Street, Section A, Block X, Diamond location which first exploded last June.

The eruption caused the spilling of mud and water spraying several feet in the air above the houses of residents. Since the last eruption, the Guyana Geology and Mines Commission had set up a system for the gas to continue to flow through a pipe. However, mud and water subsequently got mixed in with the gas earlier Wednesday morning, causing the eruption.


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