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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
Post by shleevoon Oct 13, 2011 8:11pm
478 Views
Post# 19147544

PRE news

PRE newsHopefully this news gives CGX some of the attention it deserves.  It's difficult at times watching this stock get kicked around like an empty beer can.  Tullow just made a huge discovery and is probably sitting on 3 - 5+ Billion barrels of oil in the basin and we have one of the largest acreages. 

We're trading slightly less than cash value in the bank after this bought deal.  66cents is a steal for the potential that this stock has.  This should be a huge vote of confidence by a respected company like PRE.  Hope we see $1+ again very soon. 
Bullboard Posts

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