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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
Comment by YancyDerringeron Aug 29, 2015 11:06am
107 Views
Post# 24062150

RE:re yancy

RE:re yancy
Taal I am happy to see that the attempt by Johnny 881 to cause a distraction by posting videos to my 3 byline messages did not work. You at least got the messages. I think Pacific and CGX are not doing what is expected by shareholders, for the shareholders. They are making excuses about the value of oil preventing them from drilling. I was in this stock in 1999 when oil was about $16 a barrel, yes cost to drill were lower but now they have better equipment and oil is still at about $40. Plus other companies are drilling offshore. So they can't really expect shareholders to believe this nonsense. They want to take CGX private.
Bullboard Posts