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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

TSXV:OYL - Post by User

CGX Energy Inc

Bullboard Posts

Post by OIL_RUNon Aug 09, 2012 1:11pm

742 Views

Post# 20199100

AUG-09-2012: PRE, 'JAGUAR RE-DRILL EARLY 2013'

PRE had their conference call 2nd quarter results today.

Check out PRE's presentation slide 17: 'Expect to re-drill Jaguar in 2013'. PRE must have said something on the positive on the conference call held earlier today.

PRE's current production is over 90k boe per day. A pipeline installed in early 2013 should provide 40k boe of additional capacity. Hence - this is a company that has a solid cash flow with a solid balance sheet.

Expect some positive news to make its way out over the next 6 months come out in waves... Reserve report, Georgetown block extension, estimated start-up of Jaguar re-drill, JV for Eagle Deep, annex / corentyne block extension, etc...

Bullboard Posts

Pinnacle Silver & Gold: A promising precious metals investment