Re: zibo

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NORTHERN_TERMINATOR

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Re: zibo

in response to

Re: zibo

by

Litlbx2

posted on Apr 19, 2012 02:49PM

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Got to agree. CGX has given me no reason to think that drilling is complete.

The last Official news release stated :

"TORONTO, April 10, 2012 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX" or the "Company") announces that delays due to minor mechanical issues on the Ocean Saratoga semi-submersible rig and weather conditions have pushed back the time frame for the completion of drilling of the Eagle-1 well beyond the originally planned 60 days. It is now anticipated that drilling operations will be completed near the end of April. As announced on February 13th, results of the Eagle-1 well will be issued upon completion of drilling.

Got to admit, however, the downward trend on the price seems completely inconsistent with other oil stocks I have followed over the years, especially when results are within weeks of being announced.

Might be a good time to pick up an additional 5,000 shares in the old TFSA, and let the chips fall where they may.

Welcome To The CGX Energy Inc HUB On AGORACOM

Re: zibo