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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 May 08, 2012 6:42pm
284 Views
Post# 19887063

RE: Not sure why the fuss....

RE: Not sure why the fuss....

With the company now desperate for $20 million, it seems like some will try and make them do a private placement (PP) at 30 cents? I was looking at the movement today and surprised it came back to 30 cent so my only take is that those who want to participate in a PP will try and keep it as low as possible until the PP is complete. I'll wait until the PP announcement as that would be a good price to buy at even if it is higher than 30 cents.

 

Bullboard Posts