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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
Comment by STVPon Dec 06, 2011 3:15pm
487 Views
Post# 19296534

RE: Re: Speculative money

RE: Re: Speculative money

You are correct catkin, but that was before the financial crisis and markets were way higher, so most stocks were much higher than today. Depending on who the investors are, there are also a lot more junior energy stocks in the market today with potential for billion barrel resources. Some examples include WZR & PMI and a couple others I won't mention now but I guess the stock can go as high as traders/investors bid it up. Didn't realize my post would have hit a nerve with some.  All I'm saying is it's highly unusual for a company to be worth over half a billion $ in today's market without any exploration well even started. I'll leave it at that.

 

 

 

Bullboard Posts