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 Sep 10, 2012 10:38am

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Post# 20342102

RE: RE: SEPT-04-2012: CORMARK SECURITIES

PRE will likely be the white knight here once again and bail out CGX...but at what price? I wonder how much CGX is willing to give up this time. I know they are very greedy and that might prove to be their downfall once again.

As an investor, I would not pay 20cents if they issued another 50million shares just to keep this company afloat...CGX has no options right now without any extensions. Not looking good for CGX right now, but I don't think they're dead yet. Jaguar will be renewed and some deal with PRE will be hammered out. 18cents may seem like a good buy, but 10cents isn't unthinkable.

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