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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 10, 2012 5:50pm
318 Views
Post# 19896806

Private Placement Price

Private Placement Price

Base on the trading past couple days it appears that some are trying to keep this in the 30 to 35 cent range. May be they are aiming for a private placement at 35 cents given that it is half the price of the previous private placement. With current market conditions I think the possible financiers will push a hard bargain and they could even go for a financing at 30 cents. In any case, I have learn my lessons over time and will wait until the financing price is announced to buy but I will buy, just not at a price above the financing level.

 

Bullboard Posts