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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Bullboard Posts
Post by YancyDerringeron Jun 04, 2015 11:37am
159 Views
Post# 23797049

Being Serious

Being Serious
Lets face it anything can and could go against us on this deal. Pacific /CGX could let the drilling commitment die and flounder. Where does that leave us, up the creek and then we have to do a class action which takes years. But if that is the case, and they get the stock cheap from us, so be it. However I think the outlook is going to be one of the following; -A large company will buy out Pacific's shares as a PP (only way I see a PP) and carry the drilling with a JV. -Pacific and CGX get a JV with another Company or Pacific is the JV. -I don't see them diluting the company with selling shares. -CGX sells one or all licenses.
Bullboard Posts