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 Nov 16, 2012 2:41pm

334 Views

Post# 20611220

RE: RE: RE: NOV-14-2012: TULLOW MANAGEMENT STATEME

Im still hoping for something before the end of the month. Was certainly hoping we would see something before the renewal date but I believe that date may lapse for a variety of reasons. I still believe that we have no issues with the licenses / extensions and also believe that all the JV's are done but need to habe the licenses re-issued before they can finalize them. They don't work as fast as we do here and we are all just antsy because some of us have a lot of capital tied up in this play.

Patience will be rewarded.

GLTA and have a great weekend!

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