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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
Post by Hollywood44on May 08, 2012 10:10am
529 Views
Post# 19883999

Hot Stock

Hot Stock

With over 4 million traded already, this may be the hottest stock right now. Someone stated earlier, where else can you get a deal like this for under $.40? This is insanely cheap right now and I don't see this staying under $.40 for long. I personally lowered my average by a lot today and now I am just going to wait for September. I believed in Eagle Shallow but after reading that the well was just to keep the contract alive with Guyana I am more then relieved that is the reason for the dry well. We all know there is oil down there and with Jaguar and Eagle Deep coming into play, now is the time to load up. Not even thinking of selling in the near future. Good luck everyone, I have a feeling another NR will be coming out soon. Can only go up from here.

Hollywood

Bullboard Posts