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CGX Energy Inc. Provides Operational Update and Notice of Virtual Presentation on Guyana-Suriname Basin, Offshore Corentyne Block and Kawa-1 Objectives
Toronto, Ontario--(Newsfile Corp. - October 20, 2021) - CGX Energy Inc. (TSXV: OYL) (" CGX "...
About this update from Cgx Energy Inc.
[{"type":"text","content":"CGX Energy Inc. Provides Operational Update and Notice of Virtual Presentation on Guyana-Suriname Basin, Offshore Corentyne Block and Kawa-1 ObjectivesToronto, Ontario--(Newsfile Corp. - October 20, 2021) - CGX Energy Inc. (TSXV: OYL) (\"CGX\") today announced that CGX and Frontera Energy Corporation (TSX: FEC) (\"Frontera), the majority shareholder of CGX and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana (the \"Joint Venture\") will deliver an informational virtual presentation on the Guyana-Suriname basin, the offshore Corentyne block and the Kawa-1 well objectives. Senior technical members will host the virtual presentation on October 22, 2021 from 10:00 - 11:00 am EST. The objective of the virtual presentation is to share information about recent basin activity, geological modeling and drilling objectives. No current Kawa-1 drilling status updates will be provided at the time of the presentation. Participants can submit questions in advance to [email protected] or [email protected]. Questions may also be submitted during the informational presentation. The Joint Venture cordially invites all shareholders, stakeholders and investors to attend the virtual presentation. To participate in the informational presentation, visit:https://fronteraenergy.zoom.us/j/92332438398?pwd=UFN5dzVjL2Vzd1ZGVnY1WGxpUmRpdz09Or join by phone (for higher quality, dial a number based on your current location):Colombia: +57 1 508 7702Canada: +1 647 558 0588US: +1 646 876 9923United Kingdom: +44 131 460 1196Switzerland: +41 43 210 71 08Webinar ID: 923 3243 8398Participant ID: 299787Passcode: 206664Drilling Update - Kawa-1 CGX and its Joint Venture partner Frontera commenced drilling operations on the Kawa-1 exploration well in late August 2021, utilizing the Maersk Discoverer - a six generation semi-submersible drilling rig. Operations have proceeded on schedule and the comprehensive planning by the CGX drilling team has resulted in effective contingency planning and a final well plan and design that has allowed the well to progress without a major individual setback to date. At this point, four of five planned casing strings have been landed and cemented in place with two contingency casing strings still available for use if required. Close to 70% of the planned footage has been d...