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 ellornoon Feb 27, 2013 6:57pm

223 Views

Post# 21051754

RE: RE: RE: RE: RE: RE: RE: RE: Keep your feet on

I've never owned shares of OYL, but soon enough it wont even be part of my portfolio. With the further dilution, i'd suspect 5c shares are right around the corner. How was it that i was so right, but you push and dumpers expect the best news out of this? I was only hoping for a management change, because that was the best case scenario out of this halt.

I've never owned shares of OYL, but hoping that the next drill results, in the next 15 months, Blow oil.. Otherwise, a multiple reverse splits are on the horizon. Can't have a billion shares and no anything.

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