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 6:57pm

246 Views

Post# 22291859

RE:RE:Advice for the CGX Board

Tiger77 - saying something over and over is not useless!
Consider this:
The US government rescued GM from Bankruptcy, with Billions of dollars.
GM recovered and paid back the US government every single penny!
So what is it that you do not get?
With all due respect, no sarcasms!
There are so many mechanisms for PRE to stipulate.
The big question is: why did PRE take over CGX?
Is it for oil, or access to many other resources?
Ask yourself this question.

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