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 > Pirate Ship !!!

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Comment by Kelvinon Nov 11, 2023 12:15pm

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Post# 35730197

RE:RE:RE:RE:RE:Pirate Ship !!!

My reply to B's previous reply: OK thanks B, I guess that you might have heard that both cgx and fec are tanking after yesterday's press release. They made mention that the Maastritchtian might be a "stand alone" target worthy of commercial development. They only found 13 ft of Maastritchtian pay in Wei but 66 feet in their previous well Kawa. So I was wondering if they could re-enter Kawa and DST it.

B's reply to my reply above: Yes, I don't see why not. If the wellhead has on Kawa was not cut off, they could re-enter it pretty easily.

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