today's Pescod report
posted on
Nov 08, 2011 04:32PM
Edit this title from the Fast Facts Section
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