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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 glorieuxon May 12, 2012 7:51am
338 Views
Post# 19902133

Coin flip

Coin flip

Someone mentionned an engineering study that estimated the sucess at Jaguar at 47%.  Could someone post or give the link to that study please. 

If that study is accurate, then we basically have a coin flip situation for Jaguar.  Heads, you lose your investment, let's say 10k, tails you get 250k.  Now  I would not put my life savings in a situation like this but I have never seen these kind of fantastic odds on the stock market.  Getting paid 25-1 on a 47% possibility is incredible.  

If the company can do something good for once like set up a JV on ED where we retain 25% ownership and they drill at their cost and give us $20M, we would have 2 cracks at rags to riches.  Come on Sully, do the deal!

Glorieux

Bullboard Posts