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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
Comment by Crazycanuck138on Jun 19, 2012 5:03pm
456 Views
Post# 20031713

RE: RE: RE: Crazycanucklehead goes IGGY!

RE: RE: RE: Crazycanucklehead goes IGGY!

Sure thing. Were all allowed our own opinion. No one knows anything for sure about Jag. The company needs to make serious changes. If they wont eventually the "loan shark" PRE will.  The basin is not de-risked yet to a level where every exploration company is flocking there to find oil. And also no one wants political instability in the region either. Look at whats going on with now another dispute brewing for guyana from Chavez and his clowns. If its not suriname its venezuela.  

Bullboard Posts