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Last C$0.26 CAD
Change Today 0.00 / 0.00%
Volume 6.2K
As of 1:38 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cgx energy inc (OYL) Snapshot

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52 Week High
07/17/14 - C$0.60
52 Week Low
12/30/14 - C$0.17
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cgx energy inc (OYL) Details

CGX Energy Inc. explores and evaluates petroleum and natural gas properties in Guyana, South America. As of April 29, 2014, it held an interest in 3 petroleum agreements, including Corentyne, Berbice, and Demerara blocks that cover approximately 3.3 million gross acres in offshore and onshore Guyana. The company was founded in 1998 and is headquartered in Toronto, Canada.

Founded in 1998

cgx energy inc (OYL) Top Compensated Officers

Chief Executive Officer and Member of Executi...
Total Annual Compensation: C$238.6K
Chief Financial Officer
Total Annual Compensation: C$271.2K
General Counsel and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

cgx energy inc (OYL) Key Developments

CGX Energy Announces Kabukalli-1 Exploration Well on the Corentyne Block

CGX Energy Inc. provided an update on its next exploration well on the company's 100% owned and operated Corentyne Block, offshore Guyana. The HAKURYU-12 jack-up rig from Japan Drilling Co., which will be used to drill CGX Energy's exploration well, is on schedule for completion by January, 2015. The company will be drilling the Kabukalli prospect offshore Guyana. The Kabukalli-1 well will test the Upper Cretaceous geologic objectives to an anticipated total depth of 4,502 meters and is anticipated to take approximately 73 days to drill (including contingency). This drilling emphasizes CGX Energy's continued efforts in evaluating the petroleum potential of this highly prospective basin.

CGX Energy Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter Ended September 30, 2014

CGX Energy Inc. announced unaudited consolidated financial results for the third quarter ended September 30, 2014. The company recorded a net loss of $1,213,618 or $0.02 a share, compared with a gain of $10,220,761 or $0.13 a share for the same period in 2013.

CGX Energy Inc. Enters into Bridge Loan Agreement with Pacific Rubiales Energy Corp

CGX Energy Inc. announced it entered into a bridge loan agreement with Pacific Rubiales Energy Corp. in the aggregate principal amount of CAD 7.5 million and provided an operational update on its activities in Guyana. The Bridge Loan has a term of twelve months and annual interest payable of 5%. The net proceeds of the Bridge Loan will be used to cover certain expenses generated in Guyana in connection with its work commitments in Guyana.


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