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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Bullboard Posts
Post by Hollywood44on Oct 18, 2011 10:56am
511 Views
Post# 19159033

Announcing an Oil Find/No Find

Announcing an Oil Find/No FindI was going through companies that have found oil in the past and when they announce they have according to a weekly basis I have found they usually release information on a Tuesday or Wednesday. These being the two days in the middle of the week where the S.P can run for two-three full days before stopping for the weekend. Oil finds are usually not released on the Monday of the week because of the lob sided trading day and Thursday Friday aren't enough time for the SP to run. So in saying this...either today or tomorrow Inpex may release some information, if not today or tomorrow then looks like we will have to wait another week. Oh well, it will be worth it in the end don't y'all worry. May God be with us all.
Bullboard Posts