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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Comment by Japanophiliaon May 15, 2013 1:40pm
207 Views
Post# 21398187

RE: RE: RE: RE: RE: Institutional Investors

RE: RE: RE: RE: RE: Institutional Investors

 

Nope, but not expecting good news for this well, since the first 18 were unsuccessful.

The SP is sliding like crazy, so waiting for them to announce the bad news and see how low it can get.

Gas is cheap, but the large discovery in the Amazon basin must count for something at least.

It reminds me of OYL, but at least I'm not in this one yet.

Anyway, the next two wells to be drilled later in the year are larger prospects.

Bullboard Posts
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