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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 OIL_RUNon May 12, 2012 11:28am
394 Views
Post# 19902386

STEPHEN HERMESTON - WHITE KNIGHT?

STEPHEN HERMESTON - WHITE KNIGHT?

Stephen Hermeston may be able to come up with a couple of hands here to really change the oulook for CGX - in terms of the management and board.

 

Recall, it was Stephen who brokered the deal with PRE.  Stephen might be able to get PRE to listen to him and possibly particpate in an upcoming proxy fight with the present CGX board for control of the company. 

 

Also, don't forget Sprott.  I think Sprott would probably listen to anyone that would increase the share price from .36.

 

It just takes 2 phone calls to tie up over 30% of the shareholders.  

 

Come on Hermeston - get you chip strap buttoned up and get in the game.  You just turn may into the white knight yet. 

Bullboard Posts