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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 deepthinkon Mar 21, 2012 7:48pm
467 Views
Post# 19702783

driving the share price

driving the share price

I personally was hoping that CGX would line up a JV in advance of drilling, which would have given a big boost to the share price. Now there is no chance of a JV until we get drilling results. And so the risks are looking a bit scary. In my view, there are still five substantial events that can affect the share price over the next few months. 

1. ES results

2. Inpex Aitkanti results

3. 3D seismic data from the Albian plays

4. Jaguar results.

5. A JV. 

There is some really interesting potential here, but it would sure make all the rest easier if ES is a success...

Bullboard Posts