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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. 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 catkinon Jan 19, 2012 7:24pm
572 Views
Post# 19424521

RE: RE: RE: RE: RE: Closed 1.36, new 1-year high

RE: RE: RE: RE: RE: Closed 1.36, new 1-year high

According to my calculations using previous analytical assumptions listed below, an oil find at Eagle Shallow would equate to the following:

A find of 315 million barrels of recoverable oil.

Net profit of $22.78/barrel.

341,673,663 outstanding shares.

315million x $22.78/barrel divided x 341,673,663 = $21.00/share.

Note that this does not include any share price value associated to other potential finds such as a quarter share of Jaguar or other CGX properties.

Using the same philosophy a 700mb find at Jaguar could amount to an additional $11.67/share.

And what after that! The skies the limit unless of the cursed take-over happens in between time.

But even then we still have "the poison pill" protection for a hostile take-over.

Bullboard Posts