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 shleevoon May 09, 2012 11:39am

304 Views

Post# 19889791

RE: RE: WILL JAGUAR BE A SUCCESS ?

Exactly why they need to raise the money now. They can't bet the company on Jaguar's success or failure. That's not prudent. It only takes a few hours to get financing as we saw with the last pp. Financing is not Sully's strength so I'm expecting a bad deal for shareholders. Might be a 25cent deal or something with warrants attached.

As a poster already pointed out, if they have something positive at Jaguar, it's time to let the cat out of the bag. Sink or swim.

GLTA

Bullboard Posts

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