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 aesheaon Oct 26, 2011 2:40pm

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Post# 19183555

RE: RE: PRE Announces Temporary Incentive & takes

25/10/2011 - Pacific Rubiales Announces Temporary Incentive Conversion Rate Increase for Its Convertible Debentures

Toronto, Canada, Oct. 25, 2011 - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC) announced today that it has provided notice to all holders of the Company's CAD$240 million 8% convertible, unsecured, subordinated debentures due August 29, 2013 (the "Debentures") of an incentive opportunity to voluntarily convert their Debentures at the current conversion rate of common shares of the Company ("Common Shares"), plus an incentive amount payable in Common Shares (together, the "Incentive Conversion Rate") for a temporary period commencing November 9, 2011 and expiring at 5:00 p.m. (Toronto time) on November 29, 2011 (the "Early Conversion Period").

The Debentures are listed on the Toronto Stock Exchange ("TSX") under the symbol "PRE.DB" and the Common Shares are listed on the TSX under the symbol "PRE".

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