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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 GA_Makemydayon May 14, 2012 4:20pm
417 Views
Post# 19907551

Remember, when all seems doom and gloom...

Remember, when all seems doom and gloom...

...just a hint of success at Jaguar could send the SP rocketing again, and sentiments would be decidedly more optimistic.

On the other hand, there is the old story of the guy down and out, flat broke, and on the edge of despair, when a little voice visted him and said "cheer up, things could be worse".  Surprised to hear the voice in his head, the man took it as a good luck omen, changed his outlook, and cheered up.  Shortly after that, sure enough, things got worse.  :)

I am hoping for a JV.  If not, would be nice if CGX could sell out for around $3 to $5, why not dream in technicolor?

Bullboard Posts