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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
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Comment by YancyDerringeron Jun 02, 2015 4:26pm
163 Views
Post# 23790663

RE:we don't need naysayers, negative comments and ....

RE:we don't need naysayers, negative comments and ....
Anyone who buys this stock has to know how dangerous a play it is. If you know anything about accounting and auditing E&Y's opinion is boiler plate and standard for this type of company. Funds are obtained via JV, PP , selling more shares to the public etc. CGX has no oil, reserves etc so ya it is doubtful of its financial future. This is a gamble and that is what the auditors have to say.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities