CGX
holds three licences offshore Guyana stretching 400 km from the Venezuelan
border in the north to the Suriname border in the south
CGX
identified five giant (> 500 mmbbl) targets offshore with 2-D seismic
CGX undertook a 2,375 sq km 3-D seismic program on its offshore Corentyne and Georgetown licenses
Gustavson independent report provides CGX with a P50 resource estimate of 2.8 billion barrels on three prospects on Corentyne Concession - click here to view a copy of the report
CGX has entered into the Second Renewal Period on both its offshore Corentyne License (100% CGX) and its Georgetown License (Repsol 45%; Tullow 30%; CGX 25%) and is committed to drilling two wells, one on each license in 2011
On its onshore license, CGX has identified 22 geochem anomalies
covering 250 sq km
We
hold 7.8 million gross acres; 6.2 million net - CGX is the 7th largest land holder in Latin America
