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 Phantombloggeron Mar 06, 2014 1:38am

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Post# 22286960

RE:CGX Energy Files Year-End Audited Financial Statements

What does this statement mean?
From the "CGX Energy Files Year-End Audited Financial Statements"? Highlighted below:
"In the short term, the Company will likely require additional equity financing and seek to widen its shareholder base with a view to longer term farm-out transactions to enhance shareholder value."
YancyDerringer, does this have anything to do with you Warren Buffet-esque quote about "fear"?
Wasitingstill, is this what you were thinking about? and expressed recently?
"equity financing" - what does this term mean?

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