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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
Post by Donranon Nov 04, 2009 11:28am
580 Views
Post# 16451939

NYSSA presentation

NYSSA presentationFrom the presentation  I thought it was interesting that Sully made reference to the take over of Kosmos by Exxon for $4 billion, the farm out of 10% of Cairn Energy in Greenland to Petronas for $310 m, btw Sully said that CGX was ahead of these fields in terms of the amount of work done, he even mentioned the cost per acreage, and the substantial increase in market capitalisation when OGX found oil in offshore Brazil. $0$0$0$0Also the fact that they are moving ahead with the potential construction of permanent storage facilities and a wharf as opposed to the use a barge.$0$0$0$0$0In other words what I think Sully is saying is that we could possibly have a billion dollar company on our hands based on what he sees so far. JMO$0$0$0$0
Bullboard Posts