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Message: today's Pescod report

CGX ENERGY (V-OYL) $1.07 +0.03

That interview we did with

John Clarke, VP Business

Exploration for

CGX Energy

back on October 28th has certainly

gotten a lot of feedback. Again, we have to thank

John Clarke as he came up with most of the questions

and all of the answers that are attracting attention. And

considering he used to be Canada’s top-ranked oil and

gas analyst back in 2003, he’s got more than a little credibility.

One thing that came through in the interview though

was his excitement. He’s now been with CGX Energy for

less than two years, so you’d think it would be boring...not

true at all. He tells us bluntly, “most oil and gas people in

their lifetime will never, ever be involved with a potential

billion barrel play” and all the money raising, traveling to

tell the story, and excitement involved with such a big

play.

No news on this story today, despite its being up the

last couple of days, other than the team behind the company

is currently touring New York City to see the analysts

and those that might be interested in the story.

Obviously, somebody is listening...or maybe it’s just

the higher oil prices helping to attract attention.

Sometime in the next few days or weeks, Inpex will tell

the world whether they’ve got a hit or miss nearby which

could help the odds of success with CGX Energy. Then

we find out when they finally get their rigs that are available

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