Welcome To The CGX Energy Inc HUB On AGORACOM
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Message: Welcome CGX Energy investors
CGX Energy Inc. is a Canadian-based oil and gas company focused on exploring for oil in the Guyana-Suriname basin. Our Licences in Guyana cover 9.8 million gross acres, 7.7 million net. In 1996, the founders of CGX began negotiations with the Government of Guyana to acquire an offshore concession to explore for oil. The United States Geological Survey (USGS) has identified the Guyana-Suriname Basin as having the 2nd highest resource potential after Greenland among unexplored oil basins in the world. The USGS estimates mean recoverable oil reserves of 15.2 billion bbls and gas reserves of 42 trillion cubic ft.In June 1998, CGX Resources Inc., a wholly owned subsidiary of CGX, was granted the 10-year Corentyne Licence by the government of Guyana. That acreage covers 3.8 million acres, most of it offshore.Toronto, Ontario - CGX Energy Inc. (OYL.U - TSX-V) is pleased to announce that an independent resource assessment (the “Report") has been completed by Gustavson Associates LLC of Boulder, Colorado, U.S.A. (Gustavson) for four prospects on the Company's Corentyne Petroleum Prospecting Licence (PPL) located offshore Guyana, South America. Using probabilistic analysis, Gustavson calculated a total best estimate (P50) Prospective Resource in the four prospects to be 2.7 billion barrels of oil (see description of Prospective Resource below). The Resource Assessment has been filed on SEDAR (www.sedar.com) and on the Company's website (www.cgxenergy.com). Toronto, Ontario - CGX Energy Inc. (OYL.U - TSXV) (“CGX”) announces today that it has received approval from the TSX Venture Exchange to change the trading of its shares from US$ to CDN$. CGX Energy shares currently trade under the symbol OYL.U. Trading in CDN$ will begin on Friday, February 22 nd under the new symbol OYL. UN Convention on Law of the Sea stipulates Award would be legally binding on both partiesGINA (Government Information Agency)GEORGETOWN - The Ministry of Foreign Affairs announced that both Guyana and Suriname committed to accept as final, binding and non-appealable and to fully comply with, the Award of the Arbitral Tribunal which was established under the United Nations Convention on the Law of the Sea to determine the maritime boundary between the two States.
The United Nations Convention on the Law of the Sea stipulates that the Award would be legally binding on both Parties.
The United Nations Convention on the Law of the Sea stipulates that the Award would be legally binding on both Parties.
This is a major oil/gas fine and a true company maker, they also have rights on-shore, have a shareholder takeover protection clause and are ready to go fishing for oil….do your DD and join the action! This stock has been the subject of several hot stock news opportunities…Breakaway Investor and others. I am an investor
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