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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 catkinon Feb 13, 2012 11:04pm
435 Views
Post# 19529350

Totally frustrated

Totally frustrated

Two weeks ago I had a long telephone conversation with Charlotte. Over the years I have been very satisfied with our communications, but this time she told me that they (CGX) had information to determine that Impex had a very good discovery. Why they would know this prior to others is a mystery to me. At the time, I put two and two together and assessed that Inpex was a potential suiter for a JW partnership and, as a result of this situation, there had been a transfer of information.

I know that what I am stating will probably alienate my relationship with Charlotte, and I apologize in exspectation, but the frustration of a ten year vet who has his RRSP investment in CGX, and the frustration of other long termers has dictated my disclosure.

I am totally frustrated ande not ashamed to admit it!

I cannot understand why, after two favourable press releases, that the stock value dropped!

There is something happening that most cannot understand (including me). So CGX come clean! Sooner than Later.

If all you longs share the same frustration you have my total sympathy!!!!!!

All the best to all.

Chruis Atkin.

 

 

Bullboard Posts