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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
Post by catkinon Dec 14, 2012 1:25am
528 Views
Post# 20728807

What if scenario's

What if scenario's

What if Tullow paid the $4 mill.

What if they figured that Eagle Deep was good for oil and not gas.

What if Tullow and CGX are in nogotiations over Corintyne.

What if the Guyanese Goverment were aware of this and gave CGX the possible ten year petroleum license (PL) not just an extension of the petroleum prospecting license (PPL) to enhance the deal. And also given this new deal was awarded months before the Georgetown license rans out. The PL is geared more to petroleum production not petroleun prospecting!

What if this were the situation, then it makes sense for CGX not to comment on the current situation.

What if Inpex were interested in all or a share or Georgetown as they would love to get their hands on natural gas as their nuclear power plants are no longer safe and will not be re-commissioned. This would suit Guyana as they would have a company moe eager to drill the Georgetown PPL.

What if there was a pending annoucement that Eagle Deep will be drilled.

What if anything happends. At this point in time it is purely speculation but when all is said and done, stranger things have happened!

We can only hope!

Bullboard Posts