CGX releases new estimate for gas, oil in Corentyne licence
Stabroek News – March 30, 2013
CGX Energy Inc. reported on March 21, 2013 that an independent resources evaluation has been completed by DeGolyer and MacNaughton of Dallas, Texas, USA (D&M) for six prospects on CGX’s Corentyne Petroleum Prospecting Licence (PPL) located offshore Guyana.
A release from CGX said that using probabilistic analysis, D&M has estimated a total best estimate Prospective Resources, as of December 31, 2012, for six oil and gas prospects of 779 million barrels of oil, 743 million barrels of condensate, and 6,943 billion cubic feet of sales gas plus 696 billion cubic feet of associated solution gas. Continue reading
