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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
Post by STVPon May 04, 2012 12:57am
615 Views
Post# 19870109

I'll be Back

I'll be Back

Taking a hike for now and hoping to get shares in the 60 cent range or lower at some point before Jaguar comes out. Today was very discouraging for me to see the spike in the stock but I'll be patient and lets see if there is any substance to today's stock price spike. I am hoping to buy shares below the 70 cent range (the price at which the financing was done) as that would be considered a safe level for me considering the risk in the stock.

 

Bullboard Posts