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 Hollywood44on Sep 19, 2011 4:01pm

369 Views

Post# 19058594

RE: RE: RE: Oh well, whats another 130 Million sha

Though the news isn't the best for us, maybe it is good news. The company is happy because their pockets are now full for a long time but they could truly believe in their resources. I believe there is black gold down there and we will find it. Only a matter of time. Its a Monday so we got 4 days to watch the sp, hopefully it heads north with this news, if not then we wait until the Oil is discovered.
Don't blink now cause you may miss the sp hit the roof.

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