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 kentoon Oct 25, 2011 2:09pm

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Post# 19179773

RE: RE: RE: RE: RE: Takeover?

IF INPEX STRIKES BLACK GOLD, THE AREA WILL BECOME ALMOST TOTALLY DE-RISKED AND CGX WILL BE A TAKEOVER TARGET -----> ON THE CHEAP. I DOUBT THAT PRE WITH 19% OF THE STOCK WILL SELL FOR $3. BUT I DON'T THINK THAT A BIDDER WILL PAY MORE THAN $2 BILLION =$5+ PER SHARE.A TAKE OVER AT THESE PRICES IS NOT GOOD FOR ALL THE LOYAL LONGS WHO HAVE BEEN WAITING PATIENTLY FOR THE PAST 12 YEARS. MOST NEWBIES WILL BE HAPPY TO SELL AT ANYTHING ABOVE $1.

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