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.

TSXV:OYL - Post by User

CGX Energy Inc

Bullboard Posts

Comment by shleevoon Dec 21, 2011 12:47pm

402 Views

Post# 19342272

RE: RE: NR

No drilling before February? You sure about that? I believe we're ready to spud Jaguar any day now. I think you may be misinformed.

This is very good news that we received a 1.5 year extension. Eagle shallow should be completed by end of March, then we have just over a year to get one more well in. Eagle Deep would likely be another 6 month well.

This was a very poorly worded NR. I believe the market reads it as drilling will be delayed until 2013. Too much egg nog and rum me thinks...

Bullboard Posts

High-growth stock Happy Belly opens first Rosie's Burgers in Alberta