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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 Hollywood44on Apr 09, 2012 10:44am
522 Views
Post# 19771265

RE: SP dropping

RE: SP dropping

It may be concerning that the SP is dropping but we all need to realize that all news right now is non official and it is just speculation. We may know official news from CGX this week whether it be with a halt or after hours trading. TD is not supposed to be reached until Friday the 13th. I believe the overall market may be hurting this SP a little more than expected. It will make a strong recovery and we could see new highs this week. It doesn't matter what the SP is right now as long as Oil is found, the little penny flippers will be left in the dust. Actually, would it be called Nickle flipping now, cause the penny was discontinued? lol

Bullboard Posts