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

Bullboard Posts

Comment by GA_Makemydayon May 09, 2012 2:41pm

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Post# 19890989

RE: RE: RE: RE: RE: RE: One well or two??

lj, thanks for the comments too. I have been in and out of CGX since day one, well before the gunboats. I did OK by buying and selling OYL a few times, but that was back before the dismal markets of the last few years. After the resolution of the infamous border dispute, I probably overextended myself back into their shares, thinking that the worst had passed. But since then, lousy markets, and now this. Oh well, I guess even if life is a bowl of cherries at times, sometimes one can be left with the pits. :)

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario