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 GA_Makemydayon May 11, 2012 12:37pm

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Post# 19899776

RE: RE: RE: RE: Article questioning CGX competence

Re: "Any Big evil oil giant will need the boots on the ground as thier home country laws will crucify them if caught playing fast and loose with the money to Gain favor."

Ya, but first you have to catch them at it. ;) Really, since when have laws been a hindrance to some of them at least trying to grease the wheels? All they do is adapt and find ways around any rules. Not saying they all do this. But some of them will try.

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