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.

TSXV:OYL - Post by User

CGX Energy Inc

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Comment by edmedon Jan 15, 2016 1:18pm

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Post# 24462653

RE:PRE

PRE having significant money issues it seems. We are down so low already that there isn't very much farther to fall....Remember we were trading at 5 bucks when the consolidation occurred. When the dust settles I wonder if we will be owned by someone else??? Could be a silver lining for OYL as long as management can find a way for us to survive through this stealth bear in oil. What carnage !!!!

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario