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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by pathfinder8on Sep 24, 2013 8:34am
269 Views
Post# 21762362

RE:RE:RE:RE:RE:RE:I threw it out there

RE:RE:RE:RE:RE:RE:I threw it out there
Pommerac,  great question about the $6 Wts and why they would exercise.  Obviously, the quick answer is, because it is trading more than 6 bucks.  Sounds like a big stretch when we can't get a bid now, but wait till all the plans they have come out.  I've mentioned prior, PRE is a smart group or operators and they didn't spend $140 million so far to get a tax loss.  If you think it a stretch, I suspect you have never been involved with one of these big plays. Ask the same question in 18 months, see how it looks. 
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Dealroom for high-potential pre-IPO opportunities
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