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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 catkinon Oct 28, 2012 1:55pm
389 Views
Post# 20532561

RE: RE: RE: RE: RE: RE: Dilution

RE: RE: RE: RE: RE: RE: Dilution

Slotmore - You're right I have been into this stock for over twelve years, and as my wife keeps eloquently telling me, I should have been juggling the stock over that period.

It's the old addage, "If at first you don't succeed, listen to your wife".

However, my point to you was that to make a statement like "negotiations are not going as planned but are expected to go through" is a powerful (presumably informed statement). With this in mind I think that you should back up your statement by telling us your source.

No offence to you, but I hope that you are right. This way we are still progessing!

All the best and to all the longs!

On a separate note, I still think that Impex is the 4 million dollar doner company as they would love to obtain more information on the Albion zone and I also suspect that they would have access to the information from the 2 & 3D area surveys.

I suspect that Inpex may want to buy into the Corentyne licence. May-be as much as 30%. Meanwhile, Repsol could probably buy the 5% of Georgetown.

The bottom line is that if both of these scenario's come to fruition it will be a lifesaver for CGX and welcome news!

Bullboard Posts