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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
Comment by shleevoon Oct 03, 2009 9:29pm
356 Views
Post# 16360359

RE: RE: Failure is the Plan

RE: RE: Failure is the Plan

I'm with dapper.....I've been able to increase my shareholdings by 2.5 fold and hoping to add more this fall/winter.  I've actually been hoping to see 80's again....sorry Yamoron....don't want you to completely lose it....The markets are still on shaky ground and we could definitely see some turbulence this fall/winter...If that happens, even good news would have little or a short lasting effect.....

I have faith in Sully and his company.  I think he's doing a tremendous job at getting the best interpretation, preparation and planning for Corentyne.  Remember, January we're going to line up a Rig and things will all fall into place after that....By then we may even have a partner....   


I can't blame anyone for being frustrated with the lack of news......Unfortunately a lot more patience is required for this one.....


Hang in there and Good luck 

Bullboard Posts