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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.


TSXV:OYL - Post by User

CGX Energy Inc
Bullboard Posts
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(48)
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Post by OIL_RUNon Jun 08, 2012 6:29am
687 Views
Post# 19992213

CGX: POTENTIAL VALUE VI

CGX: POTENTIAL VALUE VI

Thought it would be interesting to run some numbers for everyone to take a look at - variety of scenarios.  Assumption: Tudor, Pickering, Holt evaluation of Zaedyus (deepwater, field start-up 2017) is $6.2/boe.

 

Jaguar (344M shares): 1,200mmboe * 25% = 300mmboe * 6.2/boe = $1.86B / 344Mshares = $5.41

 

Jaguar (473M shares): 1,200mmboe * 25% = 300mmboe * 6.2/boe = $1.86B / 473Mshares = $3.94

 

Eagle (344M shares): 2,500mmboe * 66% = 1,650mmboe * 6.2/boe = $10.23B / 344Mshares = $29.74

 

Eagle (473M shares): 2,500mmboe * 66% = 1,650mmboe * 6.2/boe = $10.23B / 473M shares = $21.64

 

Eagle (344M shares): 2,500mmboe * 33% = 825mmboe * 6.2/boe = $5.115B / 334M shares = $14.87

 

Eagle (473M shares): 2,500mmboe * 33% = 825mmboe * 6.2/boe = $5.115B / 473M shares = $10.82

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities