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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 GA_Makemydayon Mar 29, 2013 1:43pm
204 Views
Post# 21185607

RE: RE: RE: RE: hopelessly devoted to pre

RE: RE: RE: RE: hopelessly devoted to pre

Well Socastar, you can put your faith in $1500/hr lawyers and high echelon political affiliations, but you can also go broke(r) by pinning your hopes on them.  :)  

I've seen this before - big names put their weight behind some enterprise, either through political offices, or by joining the Board of Directors of the company to lend it some pizzazz, only to see everything go bust in the long run.  The main thing though, is that they make sure that they are well compensated along the way for their efforts.  What's left over might, just might, be split up across the thousands of smaller players/shareholders. 

Bullboard Posts