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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 Nov 30, 2011 10:03am
527 Views
Post# 19278208

Questions...

Questions...I have been reading a bit looking for a possible buyout situations regarding OYL and a larger company coming along...where exactly have people come to this conclusion? I strongly believe that Sully and other major players in the company will not want a buyout considering they have just identified the thought of picking up a few more connections for drilling in 2012. I believe and I am sure many other people believe that we are sitting on something here and will want to play it out until the major payout.
I have no idea where people got the idea of a buyout but I hate when people bring it up because they got a hunch?? Come on people, we have won the lottery but we don't get the money until later on so just be patient and relax.
Hollywood
Bullboard Posts