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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Comment by shleevoon Nov 05, 2009 4:54pm
331 Views
Post# 16458161

RE: RE: Mr. cLARKE

RE: RE: Mr. cLARKEIn my opinion, Mr. Clarke was brought in for a reason, one we can only speculate at this time.  For the "bitter" CAX folks that have come to warn us about Mr. Clarke, thank you, but I'll take it with a grain of salt. 

For those that don't already know, we're already partnered with the big boyz, Repsol & Tullow and will be drilling next year regardless of any JV.  We have money in the bank for drilling and no issues with raising additional capital. 

I'm quite certain that Mr. Clarke will not be the demise of CGX.  I've put my faith in Kerry up to this point and I have no reason to doubt his decision here. 

Long and strong. GLTA
Bullboard Posts

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