CGX Drills Jaguar-1 Well Offshore Guyana

- February 9th, 2012

CGX Energy Inc. (TSXV:OYL) has started drilling on the Jaguar-1 well on the Georgetown Petroleum Prospecting License.

CGX Energy Inc. (TSXV:OYL) has started drilling on the Jaguar-1 well on the Georgetown Petroleum Prospecting License.

As quoted in the press release:

The Jaguar-1 well will be drilled to a depth of 6,500 metres to test the Turonian geologic zone. The well is being drilled by the Atwood Beacon jack-up drilling rig operated by Atwood Oceanics, Inc. (NYSE:ATW), a long term leader in the offshore drilling industry.

CGX Energy’s President and CEO, Stephen Hermeston commented:

The spud of the Jaguar-1 well officially commences the long awaited resumption of offshore exploration drilling for the Government and People of Guyana, the Georgetown Joint Venture Partners and CGX shareholders.

Click here to read the CGX Energy Inc. (TSXV:OYL) press release.

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