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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 Santanj2950on May 04, 2012 6:11pm
400 Views
Post# 19873977

RE: RE: RE: RE: Wow

RE: RE: RE: RE: Wow

Really appreciated his last post. I was confused on that move so close to news. That's the difference between posting information versus opinionated BS. Really appreciate being given facts to make decisions. It's not pump, its unbiased information.

I wouldn't plan any vacations yet but I also am feeling pretty confident and see some small bits of positive information. I kind of like the status change on the Saratoga but don't know enough about actual drilling to know how positive that is. Sure not seeing the signs of a duster but know its still out there along with potential dillusion over a PP. Also still a bit confused on who was buying on the run up as I didn't see any new players coming in. Another area I don't consider myself an expert on so would love some of our more knowledgable members to give their opinions.

Lots to stay positive about for a week where the markets tanked and oil prices went down. Let's send positive energy to the workers on those rigs and the people of Guyana. This could be their month!

GLTA

Bullboard Posts