CGX Energy Inc is moving on to drill its next well – Eagle Deep – now that the Eagle 1 well has come up dry, and it is optimistic that an oil find will be made because of the studies done on the area.
Speaking yesterday at a forum held at the Pegasus Hotel and organised by the Private Sector Commission, new Chairman of CGX Dr Suresh Narine said CGX believes that oil and gas production is in Guyana’s future and that is why the company has so far spent US$200 million. He said CGX Energy Inc has spent over 65 per cent of its total expenditure in the Guyana offshore basin since 1997.
“We continue to be firmly focused on our next well – Eagle Deep,” Narine said. “We have been able to
