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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 6insideon Jun 10, 2012 6:16pm
596 Views
Post# 19997836

target depth

target depth

we gotta be close, if eagle shallow hit 4300 on april 25, jag is going to be around 6500, it started a week before to, add a week at the end of april and a full month of may, we are now june 10, doing the math if the drilling is the same we should reach td any day now, no exp in this field just posting, with the agm delayed due to the bad news of shallow,( investors would of drilled them to death) to give them more time to announce more news re, cash jv,s and a possible find, which is still before their 180 day target, the next couple of weeks should be interesting, after a movement like that  (sp) on fri , lets see if it can keep going,,

Bullboard Posts