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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 lexxus296111111on Nov 21, 2015 2:48pm
627 Views
Post# 24312599

RE:RE:RE:RE:RE:RE:RE:CGX Quiet NR Yesterday

RE:RE:RE:RE:RE:RE:RE:CGX Quiet NR YesterdayHe didnt comment on how the JV search is going other than they've received a lot of interest since the Exxon find. He stated that he couldn't offer details unless it was in a press release. He said that the $1.5 milion receieved fdom PRE will help with operations over the next couple months. We must look at the fact of other companies helping out CGX as a positive. PRE wouldn't keep suporting CGX ic they thought it was going down a dead end. The rig company wouldn't have agreed to taking shares over cash earlier this year unless they had reason to believe the shares they received would be more valuable later. There must be someone or some company out there that wants a piece of the pie after hearing of the Exxon discovery. We'll get a JV..
Bullboard Posts