Despite the failure of recent efforts to find oil in commercial quantities here, there is continued interest in the Guyana Basin in both near shore and in deep water locations and Canadian exploration company CGX is starting preliminary work on plans for a subsequent exploration well in their Contract Areas.
“CGX Resources Inc have given the assurance of their commitment to continued exploration in the basin. In that regard, CGX has commenced preliminary work on plans for a subsequent exploration well in their Contract Areas,”
