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.

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CGX Energy Inc

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Comment by shleevoon Jul 12, 2012 9:26am

547 Views

Post# 20105918

RE: Need some positive vibes

In my opinion, Jaguar will be successful. This is a tough game to play. It's going to rip your insides out. This is not trading like an oil discovery is going to happen in 30 days but I believe there will be one.

I'm certain CGX will never find oil on their own. They are a mom and pop drilling operation. They couldn't find oil on the shelves at Canada Tire, but Repsol and Tullow have the technology, skills and knowledge to find oil. CGX will benefit just like Wessex did with the Zeadyus discovery.

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