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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by GA_Makemydayon May 08, 2012 1:39pm
240 Views
Post# 19885564

RE: Can we sit on the debt for a few months???

RE: Can we sit on the debt for a few months???

If you were one of CGX's suppliers/contractors, how long would you let them sit on their debt?

Or, how many CGX shares would you be willing to settle for, in lieu of payment ?

And, is CGX willing to tarnish their credit history/rating by sitting on debt?

Bullboard Posts
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