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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 catkinon Sep 09, 2015 3:57pm
135 Views
Post# 24090274

RE:RE:Stay positive!

RE:RE:Stay positive!Soulfire, the reality is that it is "easy to criticize", which is the approach that many on this board have done. I am not in a situation where can make a decision on whether the CGX board are buffoons or geniuses! I like everyone else on this board am not privileged to the problems and frustrations they may have had in trying to achieve their goal. But what I do understand is that PRE is not in a position to "rock the boat" with respect to CGX's situation. It would also be against their best interests to do anything that does not enhance their chances of drilling the next well. The sad reality is that if they don't meet their commitments, someone like Exxon will be in there like a "dirty shirt". Good luck to you and all longs!
Bullboard Posts