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.

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CGX Energy Inc

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Comment by Phantombloggeron Sep 03, 2015 2:50pm

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Post# 24076293

RE:RE:RE:RE:Scrutiny B/4 Posting

YancyDerringer;
Neither!
This is a case of sharks circling!
If the CGX management or PRE thinks they can get this "just like that", they have another think coming.
The CGX management has created an opening of vulnerabilty, and once you start something, you never know where it will end. Plain and Simple.
They have not thought this out sensibly, just as they did with the reverse consolidation with the shares (re: 10 to 1). And the lost opportunity from the momentum of Exxon Lisa.
As I have said several times within the last few days, these people are incompetents, enjoying cushy salaries and benefits. Riding us into the ground!

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