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

Bullboard Posts

Post by aesheaon Apr 16, 2009 4:55pm

442 Views

Post# 15924440

Insiders may from time to time sell shares for per

The reply is believable and logical.

Insiders may from time to time sell shares for personal reasons and this
does not reflect on the Company's prospects or the insiders belief in CGX's
future. The individual in question is not compensated by CGX Energy in the
way of salary or fees and he sold a very small amount of his holdings in CGX
to cover personal expenses related to income tax and school fees. Please
feel free to visit www.sedi.ca to view all insider transactions for CGX
Energy.

We're pleased that the shares are trading up from not too long ago and
looking forward to issuing news on the seismic interpretation. Thank you
Arnie for your long time support of CGX Energy.

Charlotte May
Investor Relations
CGX Energy Inc.
2700, 130 Adelaide Street West
Toronto, ON, Canada M5H 3P5
T (416) 364-3353
F (416) 364-5400
E www.cgxenergy.com