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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 STVPon Apr 27, 2012 3:33pm
159 Views
Post# 19845615

RE: 0.82

RE: 0.82

still around, waiting for Eagle Shallow results now. Should be a duster in my opinion and I should be able to get shares in the 50s or lower? Will buy then and hope Jaguar results are good (it's still a hope but Jaguar from the inception appeared to be the better prospect for a hit).  Eagle shallow results could really drive some fear into holders and who knows how low it goes from that announcement. My opinion is that if they can somehow delay Eagle Shallow results to as close to Jaguar results as possible, then the hit to the stock will not be too great. The big buyers in at the 70 cent financing probably are just riding free money at this point after they took profits above $1, so there really shouldn't be too many big hands to support the stock now especially with sell in May and go away around the corner.

 

 

 

Bullboard Posts