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

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Comment by shleevoon Jun 10, 2009 10:49pm

355 Views

Post# 16060594

RE: Today's trading

We've seen these "shakes" before and I don't know any reason for it at this time. However, they are often followed by a rise in share price. We saw it when we hit a high of 80cents, 1.30 and then again at 1.55. (from what I can recall) A close look at the chart over the past 6 months would confirm this.

If the underlying fundamentals of the company haven't changed, this is/was just another buying opportunity. I picked up a few more shares on sale as well. Plenty of positive news just around the corner. Looking forward to the AGM and coming news.

GLTA

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