CGX Energy Inc V.OYL

Good! Northern Corentyne Appraisal Area is retained!

[SheDrills]

CGX’s Corentyne Block reduced by more than 5000 sq km – Minister confirms | Guyana Standard

994 sq km = 245,623 acres which is ~ the entire Northern Corentyne Appraisal area where all the high value prospects/discoveries are = Kawa, Wei and Eagle

[Kelvin]

Gotta give credit where credit is due. You had the guy on the defensive yesterday Shedrills with your very probing direct questions requiring direct answers that are hard to squirm out of without looking like a sleaze bag, which from reading the comments he came off as. Yup you got cojones, that's for sure!

[LCSulla]

How is losing 5000 km a good thing?  It reduces the value of our property/company. I thought  the kawa and wei wells were  nothing special?  Now they are the sweet spot retained? All this does is consolidate the price to a lower valuation. The guyana gov't is getting tired of covering for their local boys make good story.  How much is the port land worth?  

[LCSulla]

It all depends on the results of Exxon's Bluefin.  If that well is successful then we can extrapolate into our northern Corentyne block.  Does anyone know the status of Bluefin?