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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by greenpastureon Oct 27, 2010 6:59am
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Post# 17616940

RE: RE: New Analyst Report

RE: RE: New Analyst Report
This was done on the 19th. Due to a change of geographic emphasis of this analyst.  OYL went from 1.07 to 1.33 after this came out so I don't think Jenning's coverage matters one way or another.
OYL still being covered by several analyst. 
DISCONTINUING COVERAGE 
Effective immediately, Jennings Capital Inc. is 
discontinuing coverage on CGX Energy Inc. due to a 
change in the geographic emphasis of the analyst. 
This decision does not carry any negative or positive 
implications on our opinion of the Company.  CGX 
continues to have significant upside potential in its 
properties in offshore and onshore Guyana. 
While we will not provide formal coverage on CGX, we 
will continue to monitor the Company and provide news 
updates as appropriate in a new upcoming Energy publication.  
Sector: OIL & GAS 
Analyst: GREGORY CHORNOBOY 
e-mail: greg.chornoboy@jenningscapital.com 
Tel: (403) 292-9485 Fax: (403) 262-0904 
 
Associate: JAMES HUMEN, CA 
e-mail: james.humen@jenningscapital.com 
Tel: (403) 262-9487 Fax: (403) 262-0904 
 
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