The Eagle-1 well is located on the company’s 100% owned and operated Corentyne petroleum prospecting license.
CGX Energy president and CEO Steve Hermeston said the company will drill two highly prospective wells offshore Guyana.
The Eagle-1 well will appraise the Eocene and Maastrichtian geologic formations to an anticipated total depth of 4,300m and the Jaguar-1 well will appraise the Turonian geologic formation to an anticipated depth of 6,500m.
Canada-based CGX Energy is focused on the exploration of oil in the Guyana-Suriname basin.
