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

Post by VenturePlayer88on May 20, 2015 9:07pm

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Post# 23747413

company release to market activity.

https://www.cgxenergy.ca/Investors/Press-Releases.aspx?CnwID=137199

CGX Energy Responds to Recent Market Activity

May 20, 2015

(TSX-V | OYL)

TORONTO, May 20, 2015 /CNW/ - CGX Energy Inc. ("CGX Energy" or the "Company"), at the request of the Investment Industry Regulatory Organization ofCanada (IIROC), wishes to confirm that the Company has fully disclosed all material news regarding the Company and it is not aware of any reason for the recent increase in market activity.

why you guys think this going up more if their no new news/change in the company...