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 pg1961on Jun 17, 2010 9:08pm

414 Views

Post# 17200293

RE: RE: AGM

I think the meeting went well. They seem pretty confident that we will find oil. We don't know what the exercise price of the 18 million options are and I would hazard a guess in the 1.50 range if you look at the 60 day average. I think the best thing for us to do is to buy up those shares with the warrents.

From what little I know you why not sell off all your shares now, take the tax loss and buy up the shares with the proceeds and have an additional share when we strike oil.

PG

Bullboard Posts

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