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 tiger77on Oct 30, 2012 10:08am

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Post# 20538608

RE: RE: Re:Re: new attitude

I also got the same info ie. Repsol needing 20% to remain as operator. My gut feel is that we will hear something the week of Nov 12 on the license extensions and then it won`t be long after and we will see the deals I believe have been penciled (pending license extensions) inked and press released regarding those will happen quickly after. I believe any and all parties want to get back into the ground ASAP and by Repsol wanting or needing more skin in the game it should send a very positive sign to everyone what they encountered during the last hole.

GLTA

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