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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 > Will Wei Well We Wabandoned Woo?
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Comment by Harel1976on Mar 05, 2022 9:56am
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Post# 34486559

RE:Will Wei Well We Wabandoned Woo?

RE:Will Wei Well We Wabandoned Woo?Kawa was an exploration well, any offshore exploration well will be p&a, and this one is probably not commercial for sure as a stand alone. Another question mark, if the santonians results are so good and suppose to bring a jv, why they are targeting a capenian-matrichian intervals on wei wei.. Any thoughts?
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