CGX Energy, the company that has been on a tear since we interviewed Dewi Jones (President and CEO) back in March, announced this morning that the High Court in Guyana has upheld the injunction they were seeking against Repsol in order to stop the Spanish integrated oil giant from farming-out a portion of the Kanuku offshore oil block… Continue Reading
Since we interviewed CGX Energy’s (OYL:TSXV) President and CEO, Dewi Jones in March (read: Small cap investors should watch CGX Energy…Huge potential should they find a farm-out partner), shares are up nearly 100% as the company continues to get closer to securing a farm-out partner for their three shallow, offshore oil blocks in the Guyana-Suriname… Continue Reading
The $20 million market cap CGX Energy Inc. holds 3.3 million acres in one of the last frontier oil basins on the planet; the Guyana-Suriname offshore basin. CGX’s grounds are considered analogous to West Africa’s prolific oil fields, and could hold multiple billion barrels of oil. CGX is already ~64% owned by Pacific Rubiales, and will need… Continue Reading
