AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: CGX Energy.....3.3 Bb or 3.8 Bb

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

zibo

Rank: [?]

President

Points: [?]

5096

Rating: [?]

Votes: 62 Score: 3.4

Currently 3.4/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Re: CGX Energy.....3.3 Bb or 3.8 Bb

in response to Re: CGX Energy.....3.3 Bb or 3.8 Bb by Litlbx2

posted on Feb 10, 12 08:46AM (Log in to use the IP Check tool) ^[?]

I have followed other oil plays during drilling, to sell any shares now is throwing money away, the SP will continue a steady appreciation in anticipation of positive drill results.

If successfull insitu value of a BBL of oil is $15.00 +-, 300 mil bbl's on Corentyne alone which is 100% owned by CGX would be worth 4.5 bil MC or roughly $15.00 SP less royalty"s, add in the value of having PPL's on Georgetown (25% CGX) Corentyne Annex (100% CGX) and Pomeroon (100% CGX) these PPL's will have unbelievable value upon the discovery of oil offshore Guyana.

The current SP of $1.40 is about a minimum of 10% of the potential value a CGX share, as we get closer to TD (about 60 days for Corentyne) the demand for stock in this play will drive the SP up. I expect a minimum of $3.00 SP prior to drill results. JMO.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »