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.

TSXV:OYL - Post by User

CGX Energy Inc

Bullboard Posts

Comment by jtddon May 08, 2015 1:28pm

142 Views

Post# 23709212

RE:Stock should be trading for a few dollars

It was trading anywhere from $1 to $4.60 pre split. That would have been $10 to $46 by today's standards! Check the 10 year graph to see it. It went to $4.60 back then ($46 today) just because they won the offshore land dispute and the right to drill. Wow, now there's oil there and they're going to drill and it's at the equivalent of $0.045 pre split (ya, that's 4.5 cents). Unbelievable!

Bullboard Posts

The top 10 artificial intelligence penny stocks