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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 glorieuxon Jun 26, 2012 8:26am
760 Views
Post# 20054082

Voting deadline is today for online!!

Voting deadline is today for online!!

I just voted my shares today from 3 different accounts and it took less then 3 minutes.  I encourage everyone to vote here as this vote is important.  My votes were:

1-For

2-Withold

3-Against

4-For

Question number 4 is the real important one.  It approves the PRE PP.  As of this morning, there is no other source of financing available so we must vote to approve the PP or risk losing the company's offshore licenses.  I think this is a no brainer and will go through very easily but worth taking the time to make sure it goes through.  Once this is approved and that risk removed, I believe our share price will move up again to a more respectable level.  

Question 2 bugs me.  It approves the auditors which we want but then gives the BoD the right to fix their remuneration.  This should have been two separate votes!!!

G.

Bullboard Posts