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

Bullboard Posts

Comment by jefft66on Aug 28, 2013 7:27pm

317 Views

Post# 21704834

RE:RE:RE:46 could have waited for today to buy

Formulator we knew about this being in limbo ever since march. It's the events after that gave us an indication of something good is going to happen. That sudden uptick to 14 cents before the shareholder meeting had us going for a while. Then the day before consolidation we are at 12 cents which is encouraging.

I still sort of go by their timeline of corentyne (referring to the presentation). Then there's the summer holidays which is almost over. It stings to watch the market in general doing so well in august when we are losing 50 percent. I keep buying tho.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale