CGX Energy Inc (CGXEF)

[Rk3]

CGX Energy Inc. > DEC-15-2016: POTENTIAL 2ND EXXON DISCOVERY OFFSHORE

DEC-15-2016: POTENTIAL 2ND EXXON DISCOVERY OFFSHORE GUYANA
It would appear Exxon has made another discovery offshore Guyana - namely the 'Payara' prospect.

Recall, the 'Payara' prospect lies North West from 'Liza' - which is fairly close to CGX's Demerara...

...Exxon has drilled a number of successful wells since first announcing that its Liza 1 well contains at least 1.4 billion barrels of oil and an undisclosed amount of gas.

Only “Skip Jack,” one of the five wells Exxon has drilled so far has come up dry and the company is holding back on announcing positive results from the “Payara” well, its latest bore hole to avoid messing with international oil prices which have been climbing in recent weeks.

http://www.caribbeanlifenews.com/stories/2016/12/2016-12-16-bw-tillerson-trump-pick-cancels-guyana-visit-cl.html