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

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Post by mark92on Mar 20, 2024 5:54am

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Post# 35942272

30billion barrels?

Guyana opposition official believes Exxon discovered as much as 30 billion barrels
https://oilnow.gy/featured/guyana-opposition-official-believes-exxon-discovered-as-much-as-30-billion-barrels/

"The revision of the Stabroek Block estimate to 11 billion barrels was announced in April 2022 with the announcement of three discoveries – Barreleye-1, Patwa-1 and Lukanani-1. Exxon had hit a combined 453 feet of hydrocarbon-bearing sandstones.

Since then, more than 10 discoveries have been made, including Bluefin-1. "

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