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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 ljmorinon Sep 24, 2012 4:46pm
209 Views
Post# 20408345

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: yes an

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: yes an

So what are you trying to say Waiting Still, When CGX finally hitsoil, and they will. It wouldn't bother you if the Gyana Government raised royalties so much that it increased  risk in the area and affected your shares in a negative way. But that's ok its for the people. Ya right, sorry can't have your cake and eat it too. Fair for all is good enough.

I guess we will just have to agree to disagree. You wouldn't have 200 Billion because all the activity would move to a more competative regime, We know that it was done during the NEP, and just a few years ago when much moved to Saskatchewan. Do you honestly think companies will pay more just for the privilage to be here? Give your head a shake. It's all about rate of return and payback time of investment period..

You guys always forget who risked the money to make it work, Shareholders like ourselves and big and small oil.

It may have just worked in Norway simple because the Oil company's R&R and payback worked for their investment models. Thinks like less exploration costs because of higher % strikes, less pumping or infrastructure cost as all those a huge factors in investment.

 We all know the problem with health care is we need a balance of Public and Private health care and some user fees. That has been so painfully obvious for a long time. So don't drag that money pit  into it.

There are many successfull models of this around the world, we all know it's not done in Canada because it equates to Political Suicide. Simple as that.

I'm done with this now as this isn't a political forum it's a CGX site.

GLTA, lj

As long as HC is considered free, but it certainly isn't it will not change. Did you know that the average family of 4 actually pays 11K a year for it. I could buy a substantial amount of insurance for that.

 

Bullboard Posts