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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 May 24, 2013 2:31pm
260 Views
Post# 21438078

Got My AGM Circular Today

Got My AGM Circular Today

Everyone needs to vote how they feel best for them but I voted FOR on everything other than the consolidation which I voted against.  I get it, I understand what PRE is trying to do and how it probably makes their lives a lot easier than having a billion shares out there but this is also the easy route IMO.  All lil CGX needed is someone that wanted to get into the basin and would be willing to pay to do it to help us drill one well successfully and then we wouldn't need much assitance at all after that and would be in the drivers seat but this way is the fastest way to get what they want.  I agree with a lot of other posters in that if we hit oil its all irrelevant however that assumes that we all wanted to keep all of our shares until that happened.  I don't day trade but I did have plans to see this double up, pull some out and let the rest ride and this way doesn't allow that to happen.  We also haven't heard anything from PRE and I think that is just a sign of how high we rate with them which I also don't agree with so I have voted for everything other than the consolidation.

Just my opinion and my 404k in shares but GLTA!

Tiger

Bullboard Posts