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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 longrider1964on Mar 11, 2012 3:20pm
548 Views
Post# 19655418

RE: Ocean Saratoga Timeline

RE: Ocean Saratoga Timeline

I would count on 60 days from the Feb 13th date so that would have u at April 13th. Then add two weeks for testing and evaluation. So u will probably see a NR for Eagle 1 no sooner than May 1st and that would be in a perfect world where everything goes smoothly! If I have learned one thing in my years investing in oil/gas and mining stocks its that the timelines quoted by the companies are almost NEVER met. It has been my experience u can add 50% or some times double there estimates for any NR on a discovery results! So like I said if you get that NR stating nice big juicy discovery (what I want to see!) before May 1st I for one will be stunned! May 1st at earliest and possibly as late as June 1st if any difficultes or problems arise (hope not!) All IMHO

Longrider  

Bullboard Posts