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.

TSXV:OYL - Post by User

CGX Energy Inc

Bullboard Posts

Comment by shleevoon Jul 26, 2010 12:38pm

523 Views

Post# 17296956

RE: CIBC confirms order

I received confirmation as well this morning. I was dissapointed last week to learn that I couldn't get filled, but since the announcement of additional shares, I got filled this morning. I just about "doubled down" with this PO.

The next big hurdled is to lock down the rig to complete the well within the timeline we have, and a whole lot of LUCK with all the drilling that will begin in the basin. Any success in the basin would be a great catalyst for us. Let's hope that we're back up in the $2 range before drilling next year.

GTLA

Bullboard Posts

Stockhouse DealRoom opens new Australian opportunities