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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Comment by Harel1976on Jan 06, 2024 1:30pm
221 Views
Post# 35813865

RE:Kaieture block ….lol. Farm in …lol

RE:Kaieture block ….lol. Farm in …lolNo dry holes, only one well was drilled- tanager, and in that well a matrichian discovery was made and a much better outcome that was expected in that layer, they were expecting a 20m boe and encountered 65m boe, Eliot investments invested 30m$ in kataleya right after results and hess bought another 5% from kataleya.
Mega matrichian prospects right next to tanager were updated by a new promising cpr.
The reason exxon left is prioritising canje and stabroek and because of the contract with ratio that obligated them to drill or drop. 

https://guyanatimesgy.com/kaieteur-block-still-has-a-lot-of-potential-exxon-on-decision-to-leave-block/
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