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.

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CGX Energy Inc

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Comment by shleevoon Oct 23, 2009 7:02pm

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Post# 16419405

RE: What's up with CGX today?

All I can say is that I've been watching the depth daily and there hasn't been too much on the ask up to $1.35. So if anyone wanted 50k - 100k worth of shares @ market, the price was going to jump substantially which is what I think happened today. Then you have everyone else that are on the sidelines now jumping in chasing it.

Can anyone confirm this? I think I saw an order for 75k shares this am. Oil is up and news just around the corner. I know there is a lot of interest in this stock but everyone is waiting for an NR before jumping in. Won't be too much longer before we get news, but I think the real developments will begin early 2010.

GLTA

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