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

Bullboard Posts

Comment by Pear3on May 28, 2012 2:49pm

385 Views

Post# 19953324

RE: RE: RE: RE: RE: RE: RE: The deal... What about

I think that is why the vote was put in place...to buy time and to give the shareholders an opportunity at a veto...if we on Jag, then this becomes a loan and then the games begin...financing to re-pay $30M would be easy to find,...especially with the increased resources...almost 1.2 billion barrels of oil...let's hope the bridge holds...then who else decides to show interest...let's hope for a bidding war.

Good luck to all OYL longs

Pear3

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions