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 > Bluefin

<< Previous

Bullboard Posts

Next >>

Comment by Kelvinon Sep 27, 2023 1:50pm

198 Views

Post# 35657434

RE:Bluefin

From OilNow: "Additionally, Hill noted that exploration and appraisal activities are planned for the southeast portion of the Stabroek Block “to better understand the longer-term potential of this area.”

That includes drilling a prospect called Bluefin, located six miles southwest of the Haimara-1 discovery. The find was made in February 2019, encountering approximately 207 feet (63 metres) of high-quality, gas-condensate-bearing sandstone reservoir and was drilled to a depth of 18,289 feet (5,575 metres) in 4,590 feet (1,399 metres) of water."

https://oilnow.gy/news/basher-1-lancetfish-2-wells-next-up-on-stabroek-block-drill-campaign-hess-president/

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China