503,000 shares short on 15 December 08 were covered leaving "0" shares short on 31 December 08.

CGX ENERGY INC ("OYL-V;CGXEF-0")

- Short Positions on 2008/12/31 0 -503,000 0.63

//st

Net Total Last Total Price

Date Change Shorted Price Volume Range

------------------------------------...

2008/12/31 -503,000 0 0.63 1,209,539 0.51 - 0.70

2008/12/15 318,000 503,000 - 4,779,749 0.30 - 0.61

2008/11/30 -99,561 185,000 0.32* 4,233,437 0.31 - 0.36

2008/11/15 284,561 284,561 0.38* 2,712,490 0.38 - 0.60

2008/10/31 -121,481 0 0.47 1,159,373 0.47 - 0.58

2008/10/15 -7,000 121,481 0.63 1,390,378 0.63 - 1.13

2008/09/30 8,400 128,481 1.20 1,608,491 0.82 - 1.24

2008/09/15 100 120,081 1.08 831,890 1.08 - 1.59

* - Indicates that the closing price used is the last non-zero

closing price and is not the closing price on the report date.

//et

Source: TSX