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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 docsdrillers1on May 01, 2017 2:56pm
174 Views
Post# 26188259

RE:RE:CGX back in the game; looking to drill 6 wells over next 2yr

RE:RE:CGX back in the game; looking to drill 6 wells over next 2yrI've been with Cgx since before the Surinamese Navy incident. What a collossal failure of Management which ruined what should have been the stock of our lives and the greatest story ever told about the little guy beating the big oil companies. When I read the article from Oilnow my heart stopped and I thought perhaps their may be some hope left. So I contacted OilNow's editor to ask him to cite his sources as the company has not made this info public anywhere. "I've been a shareholder of Cgx Energy since before the days when the Surinamese Navy stopped Cgx from drilling in what at the time was deemed disputed waters. Can you please cite a source for your article because what you articulated hasn't come from the company itself and if true would have serious positive consequences for us long term shareholders." His response to me; "Thanks for your interest. Dr. Suresh Narine, CGX Chairman, made this disclosure at the Guyana Oil & Gas Conference and Exposition held at the Guyana Marriott Hotel in March of this year. That information is stated in the report." Thought I would share this info with you guys and would like your comments. How can someone from CGX make this statement without either a renewal of the licenses or where the monies will come from.
Qwerty123456 wrote: The OILNOW news site appears legitimate to me but agree that the concession map embedded seems incorrect. Wonder if we should send this news link to the company and ask them to please comment on the story.


Bullboard Posts