Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by deepthinkon Oct 28, 2011 7:26pm
562 Views
Post# 19191700

Timelines

TimelinesDefinitely excellent news. MadMike notes...
"" If it is successful, Inpex will have a testing program that could go from two to four weeks and then with that finished, the rig will move over to Guyana from Suriname."

I think it was StrangeBrew that said the barge stopped running pipe out to the rig a week ago and I've had that confirmed from one of my sources."

.
I looked back at StrangeBrew's post. It was October 14. So it seems that a testing program has been under way for two weeks already, and that the testing program should be finishing up within two weeks or so. This is good, since I really would like to see a positive result on this stock before Europe implodes! I think that sifting through these tea leaves, one arrives at the conclusion that we can expect (1) a rig to be announced for Eagle within the next week or so, (2) Atwood Beacon to be finishing in Suriname within two weeks or so, and (3) an announcement from Inpex some time in November. The run up in the share price this week is already pretty nice. Tally Ho!
Bullboard Posts