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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Bullboard Posts
Comment by Donranon Nov 03, 2009 8:54am
386 Views
Post# 16446830

RE: RE: news

RE: RE: newsWhilst this may not be the news that we wanted to hear, I personally think that this is a good thing. It means that CGX is gearing up for the next stage by getting on board the necessary skills that was previously lacking. The fact that they actually hired Mr Clarke and granted 500,000 options as opposed to using him as an external consultant, which is their preferred modus operandi with other experts, says that they are pretty confident of what the 3 D results are.  Good business sense would dictate that Sully and team not wait until the final completion of the 3-D precessing before getting the ball rolling in other key areas.$0$0$0$  According to the concept of SIGNALLING, whereby management attempt to signal their intent to shareholders, the following tells me that we are in for some big developments soon, remember Sully's words "world attention". Also remember some of the larger shareholders are the directors and management themselves$0$0$0$0$0
Bullboard Posts