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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Exploration drilling at Kawa-1 will continue this month, cou
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Post by sonujaggi on Jan 05, 2022 11:31pm

Exploration drilling at Kawa-1 will continue this month, cou

Guyana’s Maritime Administration Department (MARAD) said in a notice dated December 31, 2021, that CGX Energy will continue exploration drilling at the Kawa-1 prospect this month.

“This operation is scheduled to conclude on February 05, 2022,” MARAD said.

Kawa-1 is located on the Corentyne Block approximately 90 nautical miles (167 kilometers) offshore Guyana and covers an area of 4.7 square nautical miles.

CGX said in December that Horizon 19, the first of three geological zones targeted, was penetrated and that preliminary shows indicate the presence of hydrocarbons in several Campanian and upper Santonian formations.

Comment by lexxus296111111 on Jan 06, 2022 12:38am
Old stuff buddy.
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