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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 BigBadBon Jul 25, 2013 2:17pm
310 Views
Post# 21630436

RE:The right plan

RE:The right planAs I said before. For some, this might be a predictable game, for some others a high stakes poker game, for most other folks the facade presented is a great  story and "risky" opportunity to participate in something significant.


There are few big players and they will run this show as a private club doing whatever will benefit them. I do not believe  for a moment that they have any regards for  smaler shareholders in Canada or Guyana or elsewhere and their concerns. If I had to make the decision to buy now, based on what I know now, I would not touch this stock with ten feet pole.

I was one of the believers in the past. Then I started to do my own research and information gathering rather than fully trusting someone in a position of influence and authority. The picture that is emerging now is very different from what was presented to me originally.

Bullboard Posts