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 > NOBLE DISCOVER TO ARRIVE GUYANA THIS WEEKEND-PER OILNOW

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Comment by BoykJurko11on Oct 22, 2022 1:29pm

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RE:NOBLE DISCOVER TO ARRIVE GUYANA THIS WEEKEND-PER OILNOW

Wow! Contract only up to January 23, 2023, about 3 months to drill 20,500 ft (6248 meters). They must have really streamlined the well design and only because they know exactly what geology they will drill through. Campanian should be at around 10,000 feet if Kawa is any guide. They should penetrate it by mid to late November. You longs may be in for an early Christmas present. I sure hope so!

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