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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 18, 2012 7:59pm
418 Views
Post# 19927704

RE: RE: Jaguar to change everything for Guyana

RE: RE: Jaguar to change everything for Guyana

YaMoron, I clearly told everyone on this board I would not buy until after Eagle Shallow results come out as I knew base on my own studies that it had a great possibility of being a duster (as it turned out to be) and was quite frustrated that it ran up to over $1.30 before I got in for Jaguar, but I certainly didn't see it coming down into the 30s with the duster news. I think it's a great over reaction on the part of those who don't realize as yet the potential of Jaguar in 3 months. Base on my own studies again, I knew a while back Jaguar was going to hit and base on recent comments from Repsol officials (saying results looks positive so far), it's confirming what I knew all along - the most recent in this article from today where the writer made a clear distinction of Jaguar being positive versus their Cuba well that was dry as they announced today:

"Repsol is also drilling in Guyana, however details of the possible oil find here are still to be made public. However company official have expressed optimism with the Guyana operations."

https://www.inewsgy.com/2012/05/18/repsol-fails-in-first-attempt-to-find-oil-off-cuba/

Also remember the "promising samples" the president was able to see from the Repsol Rig?

"President Ramotar was able to observe operations on board both rigs and view promising samples on the REPSOL rig"

https://guyaneseonline.wordpress.com/2012/03/31/president-expresses-optimism-after-visit-to-offshore-oil-rigs/

He was hopeful CGX Eagle Shallow would have hit but his optimism was really from the promising samples of Jaguar:

Bullboard Posts