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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. 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

Bullboard Posts
Post by GA_Makemydayon Mar 26, 2009 1:45pm
858 Views
Post# 15873626

On the rebound.....

On the rebound.....Great to see this one waking up again.

I too have been a CGX fan and shareholder since before the gunboat incident.

Too bad that this financial fiasco has sunk all markets so low around the world, but perhaps there will be some light at the end of the tunnel. One has to watch out for false rallies though - there are still very powerful and greedy forces out there who have the ability to manipulate us all on a very grand scale.

Interesting comments on Greenspan, although IMO, he was only one player in this whole sordid drama who shares in the responsibility for the economic meltdown. There are many out there who either by design, or unwittingly, contributed to the mess. Some of them, IMO, rightfully belong in prison, although we all know that there is a bigger chance of pigs flying before that will ever happen. If you want an broader picture of what has been, and still is, going on, try reading this article:

https://www.rollingstone.com/politics/story/26793903/the_big_takeover


Take care, and GLT
Bullboard Posts