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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Comment by OIL_RUNon Aug 18, 2011 1:24pm

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Post# 18956794

RE: RE: REPSOL and INPEX

Question 1: If both INPEX and TULLOW wells come in at expectations (+500 MMBO) where is the CGX's SP going? Any takers above $2.00? Question 2: When does CGX have to drill a well on their Corentyne Block (i.e. deadline)? The Risk / Reward profile for CGX is mind-boggling. Hopefully, Sully and Co. can remain composed and continue to stick with their guns. The last thing I want to see is CGX giving away their interest in Corentyne for pennies.

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