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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 Feb 09, 2014 12:35pm
257 Views
Post# 22189012

RE:RE:RE:RE:RE:RE:The pain

RE:RE:RE:RE:RE:RE:The pain All of the longs on this board are loosing money right now! However, by holding on to them it only applies as a paper loose. I personally need the stock of rise to over $6 to break even, but based on past stock prices, an announcement of a JV partner and a drilling plan could push the stock up to over $14. This is predicated on the fact that prior to drilling the last two wells the stock was over $1.40 with ten times the outstanding number of shares. The bashers out there must have their own agenda for doing what they are doing or they are totally stupid!!!!!!
Bullboard Posts