that they have encountered a total net oil pay in excess of

100 metres across multiple reservoir zones in the Ngamia-1 well (in

Kenya) a gross oil bearing interval of 650 metres. So far that well

is down to 1550 metres and needless to say Tullow continues to

have unprecedented success...which CGX Energy hopes to share

come July on their joint venture on the Jaguar well.

In the meanwhile CGX has come up with three oil shows but

little else to show for their efforts on their Eagle well, which also

unfortunately cost 71 million dollars instead of the budgeted 55.

Meanwhile, President Steve Hermeston, is no longer with the

company. Former president, and now once again President, Kerry

Sully, tells us that data rooms will be open for potential joint venture

partners to look at what they’ve come up because they do

have the lands that they hope to joint venture down the road.

In the meantime, because of the cost overruns, little CGX may

have to raise yet more money.