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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Post by madmike0on Sep 20, 2012 3:07pm

434 Views

Post# 20392218

I for one am not worried....

about today's shake/profit taking. There were a TON of shares bought @.19/.20/.21 so who could blame any of those people from taking a decent profit? Having said that, I'm not going to be on the outside looking in when the particulars are released from Repsol's statement earlier this week. When that halt comes and trading resumes the share price is going to be considerably higher then today's price. I'll sell half then and ride the rest to drilling Q1 2013.

Good luck to all,

Mike

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