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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
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(7)
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Comment by catkinon Dec 13, 2012 3:11pm
224 Views
Post# 20726586

RE: RE: After a few tax loss sellers

RE: RE: After a few tax loss sellers

It could very well be that Tullow paid the 4 million to review CGX's drill logs for Eagle Shallow to try and determine the possibility of oil or gas at the lower location.

Obviously, if the determination is gas then Tullow would not be interested in investing in Eagle Deep!

Let's hope that they figure on oil!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities