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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Bullboard Posts
Comment by tiger77on Dec 13, 2012 2:58pm
256 Views
Post# 20726508

RE: After a few tax loss sellers

RE: After a few tax loss sellers

With everything that has been released with respect to Repsol still being committed, Tullow is not leaving (although maybe on another license of CGX), lots of majors in the area and sniffing around, the license being renewed for 10 years when the Gov of Guyana knows that CGX needs money to drill them (don't think for a second that they would have awarded this with uncertainty that wells will actually end up being drilled) I think we are just around the corner from a slew of good things to come and have added another 35k in the last 3 days.  Just step back, take out your emotion (and anger) at the situation and listen to the news, whats going on, who is their, NR promotions and his background, and the positive things (all be it slow) that are happening.  I'm hoping like everyone that we get news before the end of the year to limit the tax loss selling and news will definately slow that down so hang in there.  I would suspect we will have less than a month before we move forward and never look back.  I am also guessing that the news Tullow was to provide on Jan 11 will be that they are still there and working with CGX at a different location but that is purely a guess since they let the Georgetown license expire.

GLTA!

Bullboard Posts