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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
Comment by shleevoon Oct 24, 2011 6:59pm
491 Views
Post# 19177395

RE: RE: RE: Cormark Securities

RE: RE: RE: Cormark SecuritiesI won't be 100% convinced that Inpex has hit a monster find until they release the results, but it just sounds very strange to me that they would have already decided on a target that they believe to be on trend with Inpex.  The word "believe" has me thinking that they don't know for sure but are hoping it is.

Why not just state that they plan to do 3D on one of their other mast/albian leads depending on the results from Inpex.  That keeps their options open to plan the 3rd target based on some real results.  That sounds more sensible and reasonable to me then making a decision on which target before results are known. 

Maybe I'm reading too much into this.  I guess we'll find out soon enough. 

GLTA 


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