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 Jul 08, 2014 11:42am

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Post# 22725194

RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

Waitingstill, the one thing that holds my attention is the possiblity of PRE diluting CGX further.
Hence, my previous contributions earlier this year. Their patience over the years was formidable - waiting in the wings for the previous management to implode by over-reaching with those two wells, risking all. And you know the maxim about when the emperor is unclothed - as was the case with CGX when they ran out of money.
PRE continues with the same style of patience, which concerns me about the possibility of dilution. I guess we can only wait-still (pun).
I still believe that PRE should be held accountable for the destruction of the share price of CGX from last year's dilution. I can go along with their three times over driving down the PP's and thus the SP of CGX to the last .10 cents (read 1.00)
How are they to be held accountable? That's the big question!

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