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

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Comment by Japanophiliaon Apr 23, 2012 11:54am

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Post# 19824353

RE: RE: PRE is Pizzed

Sometime near the flash crash of 2010, I sold all my shares of a mining company at around 0.90 after it collapsed from a high of 1.69, hoping to buy it back at 0.50. An announcement of massive selling by directors at around that price also contributed to my decision. However, 0.90 turned out to be the lowest. .The stock eventually rebounded back to a high of 1.98 within a few months. I'm not making the same mistake twice. The shorts may take easy money through all this fear, but not from me again.

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