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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 simonx72on Jan 03, 2010 12:05pm
501 Views
Post# 16633225

2010

2010So it is the year we have waited 10 years for...2010

What we hope to see this year:
1.Rig tender jan/feb
2.JV partner end q1
3.wharf built in guyana
4.drill q4...oil

what can go wrong:
1.no oil/no gas
2.no oil/but gas
3.oil but small quantity
4.bad jv terms/no rig availability
5.no money for production...oilexco
6.takeout before discovery..poor value
7.more delays into 2011
8.oil prices collapse


we shall see.

GLTA and Happy New Year
Bullboard Posts