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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 firo1988gton Mar 18, 2013 8:13am
333 Views
Post# 21144334

RE: Too many questions with no answers

RE: Too many questions with no answers

Socastar I agree with you.  To many questions and I also am a one stock holder with no knowledge to have any answers.  I do try to think logicaly though.  Pre bought into CGX at 30% for a reason.  Th;ey have seen what they wanted to see and liked what they saw.  They now want to invest 70% into the company.  I know that it is good for them but is it good for us or CGX?  Pre doesn't want to loose out in the Guyuana oil fields.  With all that has been drilled and the 3D work THEY KNOW the oil is there.  Pre WANTS that oil.  Now this is where I don't know the stock market and how it works.  If CGX goes bankrupt I know you and I are up the creek but will PRE be up the creek?  For Pre to stay in the game will they have to buy the rest of CGX?  I know Pre will do what ever to stay in the game but I don't know how that is done.  I also do not doubt that they will pick the route which makes them the most money without any thought about you or I.  I welcome some expienced thoughts how this will or could play out.  If you really don't know anything more than me please don't muddy the waters.  Thanks  GLTA  Fiero 

Bullboard Posts