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 pg1961on Jan 05, 2013 2:11pm

217 Views

Post# 20801753

RE: RE: RE: RE: RE: RE: RE: RE: RE: Canadian TFSA

Just to make it more confusing.....

Lets say you put in your 25500 this year and you loose 20000. You take out the remaining 5500 and collaspe that TFSA later in the year. How much can you put in next year ???? 11000. Government does not care about you losses they just track how much goes in and how much comes out.

For more interesting reading, lookup TFSA loop holes. Most have been closed but some smart people made some money earlier on.

For more info read about the TFSA on the CRA site it's pretty straight forward.

PG

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