CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc

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Post by WHATisMONEYon Oct 08, 2010 9:34pm

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Post# 17547677

Guyana oil play-drilling October 2010

DAVID PESCOD STOCKTALK October 8, 2010
For the big plays in the oil and sector...invariably you
seem to have to go abroad to exotic locales for that big,
high risk/high reward play that can move ones portfolio.
Nothing would be a better example than Albania with
Bankers Petroleum (BNK), Pacific Rubiales (PRE) in Colombia,
Niko Resources (NKO) in India and so fourth.
Hopefully for its upcoming play in Guyana, Sagres Energy
(SGI) will have some of the same kind of fun.