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.

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CGX Energy Inc

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Post by firo1988gton Jan 03, 2012 2:22pm

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Post# 19366350

Pacific Rubiales

In todays Toronto Star newspaper business section it names the top 100 Canadian money makers. Number 14, 15, 16 and 17 each work for Pacific Rubiales and each of them made over $11,124,431.00 This is the same company which in Oct of 2011 bought 19% of CGX stock. 58,720,000 shares at
.70 This company must be doing something right if they can afford to pay four members of thier staff each that kind of money to be in the top 100 salary bracket. Lets hope they know something about CGX to make thier investment worth while.

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