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 OIL_RUNon Aug 18, 2011 1:24pm

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Post# 18956794

RE: RE: REPSOL and INPEX

Question 1: If both INPEX and TULLOW wells come in at expectations (+500 MMBO) where is the CGX's SP going? Any takers above $2.00? Question 2: When does CGX have to drill a well on their Corentyne Block (i.e. deadline)? The Risk / Reward profile for CGX is mind-boggling. Hopefully, Sully and Co. can remain composed and continue to stick with their guns. The last thing I want to see is CGX giving away their interest in Corentyne for pennies.

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