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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 GA_Makemydayon Jun 29, 2012 12:10am
362 Views
Post# 20067078

RE: RE: If I understood correctly....

RE: RE: If I understood correctly....

PK Rules, the same thought about Sully playing it extra cool and non-committal especially in light of the ES duster, cost overrun,  and fallout, crossed my mind later. 

Perhaps as a long term shareholder, I was just expecting too much out of this meeting.  When all is said and done, management and the board got done what they set out to accomplish from this meeting.  Too bad the management stock options got passed so easily though.  I am from the old school which taught us that one had to work and produce results before getting bonuses and perks.  Seems that is a completely outdated concept nowadays.

Bullboard Posts