Paramakatoi

CGX Provides Update on the Kawa-1 and Makarapan-1 Exploration Wells and Exploration Program

Retrieved on: 
Thursday, March 4, 2021

The prospect is named after the iconic mountain overlooking the village of Paramakatoi in the Pakaraima Mountains of Guyana.

Key Points: 
  • The prospect is named after the iconic mountain overlooking the village of Paramakatoi in the Pakaraima Mountains of Guyana.
  • The Company expects, based on presently available information, that the total cost of the Guyana exploration program in 2021 will be approximately $90 million.
  • CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin.
  • These forward-looking statements are based on certain key expectations and assumptions made by CGX Energy.