CGX briefs Suriname on exploration prospects

Stabroek News
July 7, 2000

President and Chief Executive Officer of CGX Energy Inc, Kerry Sully met Suriname government authorities in St Vincent on Wednesday to brief them on oil exploration prospects.

According to the English language version of the Suriname daily De Ware Tijd, Sully and CGX Director Dennis Clement met officials including Suriname's Ambassador to Guyana Humphrey Hasrat. CGX, which has been granted a licence to explore for oil by Guyana, on June 3, had its rig forced out of Guyana's territorial waters by the Suriname Navy. The company subsequently began drilling at an alternative site.

Sully was reported as saying that the discussions - on the fringes of the CARICOM Heads' summit - were constructive and should have been held long ago.

In an invited comment, Founding Director of CGX Resources Kamal Dookhie, told Stabroek News yesterday that the focus of the meeting with the Surinamese was to brief them on the technical and economic prospects of developing the Guyana-Suriname basin, and the need for the company to proceed with drilling operations in the Eagle-Wishbone area as soon as possible.

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