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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 shleevoon Aug 15, 2012 2:49pm
333 Views
Post# 20221256

RE: Waiting for.....

RE: Waiting for.....

That's incorrect.  CGX was granted a defferal to drill their two commitment wells on Corentyne, Eagle1 plus one more until June 2013.  No Corentyne license expires in November.  See Press realease Dec 2011.  CGX is still spinning it's yarn I see...heard 10years of excuses and they keep spinning giving you reasons why they can't get a joint venture.  You don't want to hear the truth....figure it out for yourself.     

I don't know for fact how many shares PRE owns of CGX today, but as of June 30th, they reported aproximately 144million which is 35%.  As of July 9th, insider reports says they have 230million.  I can't confirm that the 230million is correct or not, that is what is available online in the public domain.  They always make mistakes, but do your own DD!

Bullboard Posts