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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 aesheaon Jul 21, 2010 5:25pm
476 Views
Post# 17286292

better but hurts

better but hurtsThe no warrent places us, the old share holders, on even terms with the new.
Too bad we have a bear market to deal with , but tradition is that August can be a good month for o/g.
I hope Scully has learned a lesson.He told some untruths by saying the original deal would be complete the week after the GM.
I think he got some heat from the inv. houses and obviously the orginal offer was not accepted by the retail customers of the firms heading the issue.
I like the fact that CGX is the junior for the exploration well-hope they learn and I HOPE THE WELL IS SUCCESSFUL.
Bullboard Posts