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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 BigBadBon Feb 06, 2013 6:48pm
257 Views
Post# 20949143

RE: RE: Its all about timing!

RE: RE: Its all about timing!

Do you really believe this "confidential" and "in progress" nonsense? I have been a shareholder for 13 years. I am really sick and tired of hearing the same excuses, again and again.

Why did CGX sign a confidentiality agreement that would prohibit them to report a material event to the shareholders? I no longer trust anything they say but have to wait,hoping that the stock recovers at least to the point I could get out and have enough money for new shoes.. :)

Also, I would be interested if CGX paid their debt - was it 11 million? - or if CGX is technically bancrupt.

 

Bullboard Posts