CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc

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Comment by Vehatzlachaon Apr 27, 2012 4:13pm

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Post# 19845888

RE: RE: RE: RE: Berbice-expo-2012-launched

"There are promises of things to come. The Canadian Company CGX which is currently conducting offshore drilling has agreed to invest US$30m in the creation of a deep water harbour which it says will transform the area. Late last year a CGX official said that the completion of the seaport “will result in Guyana becoming a hub port for vessels of any size….."

Would the above not be material news to shareholders that would require formal PR? Can someone get this full artcle? Somehow I dont think we are getting the full story here. Is this old news?

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