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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 SCORPION17on Jan 26, 2011 8:56pm
582 Views
Post# 18032172

RE: RE: 1st Murphy Well

RE: RE: 1st Murphy WellWho cares? Bottom line is what will the Jaguar well bring success or failure?? That is the question. Everyone is to focused on the prior well results. Wild cat wells average a 10-20 percent success rate so even if all the wells before Jaguar are duds we will have a great chance of success based on this hypothesis.  Relax everybody. 
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Dealroom for high-potential pre-IPO opportunities