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 simonx72on Mar 12, 2010 1:58pm

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Post# 16876994

RE: RE: Share value

jv parther will get 50%.they also have to raise capital,so say 200 million shares.8-10bucks/barrel in ground
so market cap will be about 11billion...so sp would be about $55.

but first they have to find oil...everyone seems to forget this,you can have large structures that have no oil.

Sao Tome/Principe offshore Nigeria was the next big hope these past few years,but the wells were disappointing and Exxon/Chevron is moving out...so there is no guarantee of oil.

but we live in hope

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