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.

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CGX Energy Inc

Bullboard Posts

Comment by Formulatoron Aug 16, 2013 3:12pm

184 Views

Post# 21677079

RE:Come on

What an awful day. No buyers and then a few market sell orders took out all the bids down to $0.60.   at one point the highest bid was $0.56.

I hope this is just panic selling caused by stop losses and not bad news that leaked out.   Where is Macquerie/PRE today?   without them providing support, there is no other catalyst for buying.

Sigh, what a turn of events in the last 4 weeks.

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