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 aesheaon Feb 14, 2011 4:40pm

460 Views

Post# 18131623

RE: RE: RE: up date needed

I would like to believe a JV is close, but it makes sence that an interested party might want to wait till there is some stronger indication of pay. I think the time will come, but CGX may have a change of heart if there is solid signs and the share price goes up tp over 5.00. It makes for easier financing and less dilution. I really hope the UK/TSX merger comes to be or at least approved by the feds soon. A bigger playing field is exactly what this little company needs.aes

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