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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 Sep 09, 2015 3:57pm
132 Views
Post# 24090274

RE:RE:Stay positive!

RE:RE:Stay positive!Soulfire, the reality is that it is "easy to criticize", which is the approach that many on this board have done. I am not in a situation where can make a decision on whether the CGX board are buffoons or geniuses! I like everyone else on this board am not privileged to the problems and frustrations they may have had in trying to achieve their goal. But what I do understand is that PRE is not in a position to "rock the boat" with respect to CGX's situation. It would also be against their best interests to do anything that does not enhance their chances of drilling the next well. The sad reality is that if they don't meet their commitments, someone like Exxon will be in there like a "dirty shirt". Good luck to you and all longs!
Bullboard Posts