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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Post by scissors14on Mar 14, 2011 1:11pm

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Post# 18281823

Michael Berry on CGX...

CGX Energy: Let the Drill Tell the Tale

In response to numerous emails queries, this is a quick review of CGX Energy (OYL TSXV) after meeting the company at PDAC in Toronto last week. I will not tell you what to do (buy/sell) except to say that I am holding my Incubator Discovery position. Here’s why:

1) This is what discovery wealth is all about. No guarantee but you gotta be there to be rewarded.

2) CGX is drilling in a highly prospective basin offshore Guyana with a proven hydrocarbon system (Elephant country).

3) CGX is testing for multi-billion (potential world class) barrel resources in Jaguar and Eagle locations.

4) It has legacy and knowledgeable partners in Repsol and Tullow on the Jaguar well where drilling will commence in Q2.

5) Preparations are well underway for drilling on the Eagle target.

6) Oil, particularly sources of oil in the western hemisphere are becoming strategically important.

7) The price of oil is now above $100 per barrel. We think there is upside to this price.

Is this a guarantee of CGX success? No definitely not; but if you have waited this long you probably owe it to yourself to stay to see the CGX drill results, often the most exciting part of the discovery investing process.

See www.cgxenergy.com. Kenny Rogers said it best. "Ya gotta know when to hold’em."

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