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 shleevoon Aug 22, 2010 2:16pm

585 Views

Post# 17372874

RE: RE: Oversubscribed?

I don't think changing the terms of the offer was only because they couldn't raise the money, but more to do with big shareholders and investors kicking their door down and insisting they change the offer. I heard it at the AGM and I'm sure they eventually caved into the pressure. That's just my opinion....

As I was prepared to pay 65cents under the first offer, I think they could have easily raised the money at a higher price had they not completely screwed this up. Anyways, it's all but behind us now....

Announce the RIG Sully! Let's burn these SHORTS!!!!

Anyone find any good info on the Murphy block 31 and Inpex? I'm having a hard time getting good information.

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