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CGX reports Ocean Saratoga enroute to Guyana


Published Jan 4, 2012
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CGX - Ocean Saratoga

CGX Energy Inc. report that the Ocean Saratoga semi-submersible drilling rig departed the Gulf of Mexico on January 1st and is now under tow to the Guyana-Suriname Basin to drill the Company’s Eagle-1 well.

The Eagle-1 well will be drilled on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License, offshore Guyana. It is anticipated that the Ocean Saratoga will arrive on location around the end of January. CGX will make a further announcement when the Eagle-1 well has commenced drilling.

Stephen Hermeston, President and CEO stated, “We are pleased that the rig is now under tow and looking forward to the commencement of drilling.”

Tags: CGX Energy Inc.



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