Canadian company CGX Energy’s (TSXV: OYL)?joint venture process for its 100 percent-owned Corentyne license offshore Guyana is on hold,Cheap Jerseys Free Shipping, CGX President Kerry Sully said in a webcast,Wholesale NFL Jerseys China, according to BNamericas.“We’re now in discussions with Jefferies [Randall & Dewey] as to when the right time to reopen the data room is,” said Sully,Wholesale NFL Jerseys, adding the process could resume in June or as late as mid-July.Jefferies recommended the process be put on hold due to the volatile crude oil price situation and until CGX has acquired depth images, according to the executive.The company plans to farm out the cost of drilling on the license. In December,Discount NFL Jerseys, a 505 square-kilometer (195 square-mile)?3D survey was completed on Corentyne with processing and interpretation planned for this year.“We’re well advanced in well design; we’re well advanced in environmental approval for this drilling operation, and we’re working our way towards a drill decision,Wholesale Jerseys,” Sully added.CGX aims to team up with other companies exploring in the area to lower costs.In Guyana,NFL Jerseys From China, the company also holds a stake in the Georgetown offshore license. (Energy Current)