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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 kentoon Nov 30, 2011 10:01am
440 Views
Post# 19278198

GUYANA ELECTIONS

GUYANA ELECTIONS Based on past voting patterns and the demographics of the country, the incumbent party, the PPP will win the Presidency. However, like the USA where the Democrats have the Presidency and the Republicans control the Legislature, the opposition parties in Guyana are likely to control the Parliament. This scenario is good as it will force the Parties to form a government of national unity. This can be a minefield as the last time this was done, the minority party, the United Force was used and then discarded allowing the other partner, the PNC to form the Government and entrench themselves by remaining in Power for nearly 30 years through fraudulent elections.
Bullboard Posts