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

Bullboard Posts

Comment by Formulatoron Jul 16, 2014 7:56pm

218 Views

Post# 22753137

RE:RE:RE:RE:RE:Havent looked in here for a while!

I was not clear. What i was trying to say was, in the past year, we traded down from $1 to $0.20 on what i would call very little volume over a years time frame. There were basically no buyers so sellers had to keep dropping their ask until they were filled.

Same now as we trend up, its very hard to accumulate a big position. Even todays volume amts to only $40 k. I want to take a large position but not willing to chase it up.

I have low bids in to see if i can pick up more on pull backs, but the trend is up and looking good.

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