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Message: CGX attends Trinidad and Tobago Energy Conference (FEB 07, 2012)
80 degrees at the Energy Conference this week, must be nice for those attending (perhaps we can get an update from those attending,and hopefully they can drop by the CGX Energy booth). CGX Energy is a Platinum Sponsor.
It is important, despite the pullbacks in stock price, that the fundamentals remain the same, two Oil Exploration wells (Eagle and Jaguar) being drilled in one of the best, unexplored oil basins in the world. As stated in a previous message, it is not a quesion of whether oil is in the basin, but how much oil is there and who will discover it. My bet is CGX Energy.
See you at the conference (well, I cannot attend this year, but perhaps next year).
February 7-9th 2010 at the Hyatt Regency Trinidad
Trinidad and Tobago Energy Conference to Feature Panel on the Frontier Guiana Basin
The Guiana Basin, comprising the offshore acreage of Suriname, Guyana and French Guiana, is believed to be one potentially richest frontier regions in the oil and gas world.
The recent oil finds in French Guiana and the active drilling campaigns in Suriname and Guyana mean that many companies and analysts around the world have their eyes on the region.
At the upcoming Trinidad and Tobago Energy Conference there will be serious discussion on the potential of the Guiana Basin. A panel discussion featuring Marc Waldjeck, Managing Director, Staatsolie, Stephen Hermeston, CEO, CGX Energy Limited and Joseba Murillas, Director of Exploration, Latin America and the Caribbean, Repsol will provide conference delegates with the latest developments on the investment climate, the resource potential for the basin as well as their company expectations.
Given Trinidad & Tobago’s strategic position and mature energy services industry, the potential development of offshore reservoirs in the three countries presents a major opportunity for the country.
If we are to take advantage of these developments, Trinidad & Tobago needs a strategy to ensure that our companies and people are ready and able to grasp the available opportunities.
Trinidad & Tobago’s hydrocarbon resource and, in particular, its natural gas have enabled it to become the most industrialised Caribbean nation. Given the maturity of the energy sector in Trinidad & Tobago, its sector is supported by a large number of skilled and well trained people.
There are large numbers of service companies which provide support services to the major producers, these companies are highly experienced and have gathered world renowned reputations. The Energy Chamber remains committed to assisting local companies to be able to export services regionally and internationally and to date has led successful trade mission to over ten countries.
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