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

Bullboard Posts

Comment by Japanophiliaon Mar 22, 2012 10:29am

446 Views

Post# 19704677

RE: RE: RE: RE: RE: RE: RE: Other stocks

"ya it looks tempting but I feel that its being worked too, get in now before its too late always raises the alarm bells for me, they already have shares under lock down until may and probably need to raise more money soon, probably best to wait for those events to pass but it is holding up better than I expected, still not convinced enough to risk more in this sector. GL"

Nakate, our brothers in Atlantic exploration have caught up with us, also at 1.24.

They are expecting results of a study of the Guy licence in a month or two, probably just before a bought deal, so there should be a significant spike in the SP soon.

Feel like going in for a hit and run to raise some funds to buy more OYL shares before the Jaguar results.

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