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 tiger77on May 24, 2015 4:35pm

298 Views

Post# 23758973

RE:RE:CGX - up for sale - asking $20.00

As much as I would love nothing more than this as I've been in it for quite some time and haven't sold based on the belief that we really do have something great here and we do $20 is a lot far fetched. No one would love to see this more than me but it's not going to happen. With the way things are going and the major discovery next door I am expecting $3 - $5 return which is still very low given the upside but it far more of a reality than $20 ever will be.

I sincerely hope this is a case where I am completely wrong and you are completely right but I don't think so based on the way this puppy has played out.

GLTA the longs on this!

Bullboard Posts

Canada Nickel unveils second of seven resources planned by mid-2025