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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
Post by tiger77on Apr 19, 2013 9:59am
203 Views
Post# 21274324

Cheapies sale is almost over!

Cheapies sale is almost over!

Ladies and Gentleman I truly believe that this sale is almost over and I do believe that once the votes are done and approved PRE will be on a warpath to get this sucker moving.  They have something huge to prove to Guyana such as let's take control of a company (CGX) that obviously has a lot of value to Guyana and turn it around making them profitable but also find the black gold for Guyana who needs it more than we know.  There are a lot of other license concessions so don't fool yourself.  If they do a great job on this through their CGX acquisition don't think for a second they won't be knocking at Governments door to ask for more concessions under PRE's name directly which I am fine with.  They have something to prove and I am just hoping that they want to get it moving fast so I do echo some of the other posters in that they very well may have done JV's in the background conditional on this passing etc.  I also believe that Georgetown hasn't been issued for a reason so watch out for that to happen to IMO.  Lot's of exciting times to come in the next 3 months I believe.  Keep the faith and put all that speak negative on ignore as they clearly have alterior motives.

Good luck to everyone and see ya at the meeting!

Bullboard Posts