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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 OIL_RUNon May 12, 2012 11:28am
396 Views
Post# 19902386

STEPHEN HERMESTON - WHITE KNIGHT?

STEPHEN HERMESTON - WHITE KNIGHT?

Stephen Hermeston may be able to come up with a couple of hands here to really change the oulook for CGX - in terms of the management and board.

 

Recall, it was Stephen who brokered the deal with PRE.  Stephen might be able to get PRE to listen to him and possibly particpate in an upcoming proxy fight with the present CGX board for control of the company. 

 

Also, don't forget Sprott.  I think Sprott would probably listen to anyone that would increase the share price from .36.

 

It just takes 2 phone calls to tie up over 30% of the shareholders.  

 

Come on Hermeston - get you chip strap buttoned up and get in the game.  You just turn may into the white knight yet. 

Bullboard Posts