Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Bullboard Posts
Comment by STVPon Nov 29, 2011 9:18pm
455 Views
Post# 19276992

RE: RE: RE: RE: RE: RE: RE: Elections Prelim Resul

RE: RE: RE: RE: RE: RE: RE: Elections Prelim Resul

Alim, please re read what I said:

"Not picking on CGX Energy, just realize that if APNU wins the election, you need to get clarity on what their policies are for foreign investments. The last thing anyone wants is investing their money to develop a mine or oil production and then have the government tax it heavily or nationalize it. Given that the GDP of this country is so small, the mine that GUY is going to build would easily make GUY the biggest single GDP contributor, now imagine if in 2014/2015 CGX starts oil production, what % of Guyana GDP would that represent? These companies being such a big spotlight in the country will surely be know by everyone and the government. So if APNU does indeed win, please try and get clarity as to what their policies are for foreign investments."

From what I see some Guyana news web site are reporting, nothing is official as yet but PPP is accusing APNU of stirring things up, so no matter what the final results are, there could be some unrest in the country for couple days/weeks. Lets hope PPP wins and the couple days of unrest or weeks after official results won't mean anything to CGX and they can just focus on exploration. May be all the rumors so far about APNU win are just that, rumors -- see what this article is saying:

https://www.guyanachronicleonline.com/site/index.php?option=com_content&view=article&id=36016:pppc-accuses-apnu-of-engaging-in-sinister-plan-to-derail-democratic-process&catid=4:top-story&Itemid=8

Bullboard Posts