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

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Comment by tiger77on Sep 25, 2013 11:20am

336 Views

Post# 21766193

RE:Tiger77

Jeff, I fundamentally still believe in this play. If this were that easy I think everyone would be doing it. I share Waitingstill's comments that PRE is not in this to write off 150Mil plus just because. They are a successful company that is starting from the bottom to hopefully move this sucker in the right direction. I am hoping that by them not buying since Sept 4 this is a sign of something positive is happening on the backend but that is me simply just trying to be optimistic at this point.

I am in it to win it!

Let's go PRE!

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