Cgx Energy (Tier2) (OYL.U) Quote

new symbol change OYL
http://www.24hgold.com/viewcompanyarticle.aspx?langue=en&articleid=226587&ref=Shares to Trade in CDN$ Effective February 22 New Symbol: OYL

wowsa, OYL.U this one is going to be huge very soon,,, good to watch and worth updating.

ccj.c t is another, great news today.

Its time to bring this winner off the shelf. From 33 cent to over a buck in a very short time should be telling us something.
A decision should be coming out shortly on the border dispute at which time we can start a drilling program with or without partners and get this baby up to the pps it should be.

ON Energy Rights Offering and Onshore Drilling Program Update
NEWS RELEASE TRANSMITTED BY CCNMatthews


TORONTO, ONTARIO--(CCNMatthews - Sept. 27, 2004) - CGX Energy Inc.
(OYL.U - TSX-V) and its subsidiary ON Energy Inc. are pleased to
report the results of the ON Energy Annual General Meeting held on
September 23, 2004 in Georgetown, Guyana.

At the annual meeting, ON Energy announced a rights offering for its
shareholders. The terms of the Rights Offering are that each
shareholder shall be given two rights for each ON share held, each
right entitling the shareholder to purchase one ON common share for
US$ 0.06 per share. 141,800,000 rights will be issued for a total
offering of US$8.5 million. Guyana Americas Merchant Bank Inc. of
Georgetown, Guyana has agreed to underwrite 63.8 million shares of
the Rights Offering for US$3,828,600. CGX Energy will participate in
the Rights Offering. If all the rights are exercised, CGX will hold
approximately 57% of ON Energy.

The funds raised from this Rights Offering will be used primarily to
fund exploration activities within the Berbice Block, including the
upcoming drilling program recently announced by ON Energy and for
general working capital purposes.

Management of ON Energy also reported that preparations for the
drilling program are proceeding on the defined drill targets. On
shore logistics are on schedule, including warehousing, road building
and drill pad preparation. ON Energy has agreements for drilling and
other services in place subject to finalizing contracts. Drilling
supplies, mud and other items including casings have been purchased
and are scheduled to leave from Louisiana, USA by barge through the
Gulf of Mexico. The shipment of these supplies has not received
clearance due to the stream of recent hurricanes in this region and
as a result the shipments have been delayed.

Kerry Sully, President of CGX and Chairman of ON Energy stated "We
are pleased to have condensed into one year all of our preliminary
exploration, successfully scheduling our operations into Guyana's dry
season. By fast-tracking our operation, we had hoped to start
drilling in the fourth quarter of 2004, but unfortunately hurricanes
in the Gulf of Mexico and the Caribbean have delayed drilling until
January 2005."

Warren Workman, Vice-President of CGX and President of ON Energy
added "Our new seismic has supplemented 8 prospects that had been
identified as leads with our geochemical program. Further, an
enhanced geochemical analysis on recently acquired samples suggests a
likelihood of lighter oil. We are encouraged that closing this rights
issue should allow us to expand our drilling program to test
additional targets."

CGX Energy is a Canadian-based oil and gas exploration company
focused on the exploration for oil in the Guyana. CGX is managed by a
team of experienced oil and gas and finance professionals from
Canada, U.S.A. and the UK. CGX is financed internationally and has
thousands of shareholders worldwide.

THIS PRESS RELEASE WAS PREPARED BY CGX ENERGY INC., WHICH ACCEPTS THE
RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Trading Symbol: OYL.U

Outstanding: 80,230,595

Fully - Diluted: 93,039,913


FOR FURTHER INFORMATION PLEASE CONTACT:

CGX Energy Inc.
Kerry Sully
President & CEO
(604) 733-9647
or
CGX Energy Inc.
Charlotte May
Investor Relations
(416) 364-3353
or
CGX Energy Inc.
Denis Clement
Director
(416) 364-1909
Website: www.cgxenergy.com

The panel of the International Tribunal of the United Nations Convention on the Law of the Sea (UNCLOS) will meet in London on July 30 to finalize the procedures that it will adopt for the hearing of the maritime border dispute between Guyana and Suriname.

The members of the panel are Judge Dolliver Nelson (chairman), Professors Thomas Franck, nominated by Guyana and Hans Smit , nominated by Suriname , and Drs Kamal Hossain of Bangladesh and Alan Philip of Denmark.

In February after almost four years of frustrating negotiations Guyana invoked Article 287 of the United Nations Convention on the Law of the Sea to obtain a legally binding resolution of the maritime border dispute with Suriname. It also asked for a number of provisional measurers including the cessation of the harassment by Surinamese authorities of Guyanese fishermen in the Corentyne River and to be allowed to explore and exploit the hydrocarbon and other resources in the area of its maritime zone that Suriname is claiming as its own.

Over many months, meetings were held in Guyana, Suriname, Trinidad, St Vincent and Jamaica to try to resolve the problem which was fuelled by Paramaribo's armed eviction of an oil rig from Guyana 's waters in June, 2000. The last three meetings were held under the chairmanship of Prime Minister P J Patterson of Jamaica.

Following the meetings of 2001, President Bharrat Jagdeo and Surinamese President Ronald Venetiaan agreed in 2002 that their national border commissions would discuss the issue with a view to arriving at an arrangement that would allow for joint exploration and exploitation of the marine resources in the disputed area pending the determination of the dispute. Those discussions were inconclusive and as a result Guyana invoked the UNCLOS procedure. The panel of the International Tribunal of the United Nations Convention on the Law of the Sea (UNCLOS) will meet in London on July 30 to finalize the procedures that it will adopt for the hearing of the maritime border dispute between Guyana and Suriname.

The members of the panel are Judge Dolliver Nelson (chairman), Professors Thomas Franck, nominated by Guyana and Hans Smit , nominated by Suriname , and Drs Kamal Hossain of Bangladesh and Alan Philip of Denmark.

In February after almost four years of frustrating negotiations Guyana invoked Article 287 of the United Nations Convention on the Law of the Sea to obtain a legally binding resolution of the maritime border dispute with Suriname. It also asked for a number of provisional measurers including the cessation of the harassment by Surinamese authorities of Guyanese fishermen in the Corentyne River and to be allowed to explore and exploit the hydrocarbon and other resources in the area of its maritime zone that Suriname is claiming as its own.

Over many months, meetings were held in Guyana, Suriname, Trinidad, St Vincent and Jamaica to try to resolve the problem which was fuelled by Paramaribo's armed eviction of an oil rig from Guyana 's waters in June, 2000. The last three meetings were held under the chairmanship of Prime Minister P J Patterson of Jamaica.

Following the meetings of 2001, President Bharrat Jagdeo and Surinamese President Ronald Venetiaan agreed in 2002 that their national border commissions would discuss the issue with a view to arriving at an arrangement that would allow for joint exploration and exploitation of the marine resources in the disputed area pending the determination of the dispute. Those discussions were inconclusive and as a result Guyana invoked the UNCLOS procedure. The panel of the International Tribunal of the United Nations Convention on the Law of the Sea (UNCLOS) will meet in London on July 30 to finalize the procedures that it will adopt for the hearing of the maritime border dispute between Guyana and Suriname.

The members of the panel are Judge Dolliver Nelson (chairman), Professors Thomas Franck, nominated by Guyana and Hans Smit , nominated by Suriname , and Drs Kamal Hossain of Bangladesh and Alan Philip of Denmark.

In February after almost four years of frustrating negotiations Guyana invoked Article 287 of the United Nations Convention on the Law of the Sea to obtain a legally binding resolution of the maritime border dispute with Suriname. It also asked for a number of provisional measurers including the cessation of the harassment by Surinamese authorities of Guyanese fishermen in the Corentyne River and to be allowed to explore and exploit the hydrocarbon and other resources in the area of its maritime zone that Suriname is claiming as its own.

Over many months, meetings were held in Guyana, Suriname, Trinidad, St Vincent and Jamaica to try to resolve the problem which was fuelled by Paramaribo's armed eviction of an oil rig from Guyana 's waters in June, 2000. The last three meetings were held under the chairmanship of Prime Minister P J Patterson of Jamaica.

Following the meetings of 2001, President Bharrat Jagdeo and Surinamese President Ronald Venetiaan agreed in 2002 that their national border commissions would discuss the issue with a view to arriving at an arrangement that would allow for joint exploration and exploitation of the marine resources in the disputed area pending the determination of the dispute. Those discussions were inconclusive and as a result Guyana invoked the UNCLOS procedure.

Here's a link to them...


http://www.cgxenergy.com/

Time for new DD and a consideration towards furthur purchases or new buy-ins. Maybe this is the new quarter and we are on the way backe to Bull Country.

The elections are over and we are finishing up in the courts. Maybe real progress will start in the next two to 4 weeks. Seems no other major oil co. will do anything in the are till the CGX Eenrgy issue is concluded peacefully.

After all this time the stock looks like it may live. I'm still holding the same shares and waiting. Prospects look better.

Here's your CGX / OYL.U-X Tuesday late evening newspaper!



http://www.crayon.net/read.cgi?danbol@siliconinvestor.com

Looks like Suriname and Guyana to meet at the end of this month :)

Info from other sources listing URL addresses gathered for research and ref. ...
1. CGX Energy Inc - Exploring For Giants
http://www.cgxenergy.com/
CGX Energy Inc What's New Stock Quotes Corporate Information News Releases Feedback (The C.E.Thornton onboard the heavy lift vessel Transshelf in Chaguaramus Bay Trinidad, 5 May 2000. ) To contact us: Phone: 416-364-5569 Fax: 416-364-5400 Email...

2. <> Corporate Information
http://www.cgxenergy.com/press.html
CGX ENERGY INC. Press Releases May 23, 2000 Re: Canadian Ventures Exchange Policies May 23, 2000 CGX COMMENCES TRADING ON OFEX IN LONDON, U.K. May 3, 2000 CGX ENERGY TO TRADE IN US$ ON CDNX AS "OYL.U" May 2, 2000 CGX ENERGY ANNOUNCES CDNX LISTING .

3. <> Corporate Information
http://www.cgxenergy.com/material.html
CGX ENERGY INC. The Company / Share Capital / Articles Of Incorporation / / Capitalization / Principal Shareholders / /
Management / Stock Option Plan / Risk Factors / / Material Change Reports / Material Change Reports For material change reports..

4. <> Corporate Information
http://www.cgxenergy.com/financial.html
CGX ENERGY INC. Financial Statements December 31, 1999 & 1998 (Adobe Acrobat(PDF) Format) September 30, 1999 (Adobe
Acrobat(PDF) Format) June 30, 1999 (Microsoft Excel Format) Mach 31, 1999 (Microsoft Excel Format) December 31, 1998 November 30...

5. <> Corporate Information
http://www.cgxenergy.com/capital.html
CGX ENERGY INC. The Company / Share Capital / Articles Of Incorporation / / Capitalization / Principal Shareholders / /
Management / Stock Option Plan / Risk Factors / / Material Change Reports / Capitalization The following table and notes thereto.

6. Gulf Publishing Company's Energy Links: Operators -- C
http://www.gulfpub.com/energylink/operators/c-operators.html
Leading publisher to the oil & gas industry. Our magazines, books, safety & training videos, engineering software and catalogs help people involved in energy industries keep current with information important to their field and allow advertisers to

7. >What's New
http://www.cgxenergy.com/new.html
What's New at CGXenergy.com May 23, 2000 Press Release CGX COMMENCES TRADING ON OFEX IN LONDON, U.K. May 23, 2000 Press Release Re: Canadian Ventures Exchange Policies May 17, 2000 Offshore Magazine online articles. CGX getting the jump on majors...

8. >Guyana Offshore-Majors Move In
http://www.cgxenergy.com/page3.html
CGX ENERGY INC. Majors Move In 1997 - Guyana adopts new fiscal regime Nov. 1997- Maxus acquires concession to west of CGX; June 1998 - CGX acquires Corentyne concession May 1999 - CGX/Maxus seismic survey June 1999 - Exxon announced the acquisition.

9. >Guyana Offshore-Favourable Fiscal Regime
http://www.cgxenergy.com/page2.html
CGX ENERGY INC. Favourable Fiscal Regime CGX's fisal regime in Guyana is in the top quartile in the world. Apex Consultants estimated that CGX's net proceeds are 63%, as compared to net company takes of 32% in Alberta and 17% in Venezuela. For...

10. >Guyana Offshore-Eagle Summary
http://www.cgxenergy.com/eagle1x.html
CGX ENERGY INC. Eagle Summary CGX has identified the Eagle Turbidite Fan on 8 new strike (one vintage) lines and 2 new (2 vintage) dip lines. The Eagle Turbidite Fan is estimated to have an area of 29,000 acres with a thickness of approximately 600.

12. >Guyana Offshore-Drilling Success Rates
http://www.cgxenergy.com/page4.html
CGX ENERGY INC. Drilling Success Rates In addition to the improved fiscal regime in Guyana, industry interest reflects: wildcat drilling success rates of over 30% on the continental shelf (33.0%) - slightly higher than onshore success rates (30.5..

13. Petroleum Exploration Offshore Guyana, South America
http://www.guyanaguide.com/petroleum.html
Recent developments in oil and gas exploration in the offshore area of Guyana.

Here's some maps of the area at this url. I hope it posts ok. The concession areas show up for Century, Shell, Exxon and so on.

http://www.stabroeknews.com/Monday/page3.htm

If this dispute is settled quickly, the exposure this stock has gotten is incredible! If they are allowed to start drilling, I see it over $5/share in the next couple of weeks.

A little more news...




NEWS RELEASE CGX ENERGY INC.-trading in London!!

CGX COMMENCES TRADING ON OFEX IN LONDON, U.K.

May 23, 2000. Dealings commence on May 24, 2000 on OFEX in London, England
in the shares of CGX Energy Inc. (?CGX Energy? ? OFEX) (see
www.cgxenergy.com), a Canadian company also traded on the Canadian Ventures
Exchange (OYL.U- CDNX). At market close on May 17, 2000, CGX was
capitalized at £46 million (US$69 million).

CGX
CGX holds a 100 per cent interest in a 15,464 sq km (3,800,000 acre) exploration
licence in Guyana, South America. CGX is proceeding with a drill-hole on its Eagle
turbidite fan target using R&B Falcon?s C.E. Thornton jack-up drill rig. To date, CGX
has identified three other targets on its property for subsequent exploration. The Eagle
seismic anomaly is a 60,000 acre feature with 29,000 acres above an apparent
hydrocarbon/water contact, a maximum 750 feet of gross thickness and with 1,700
feet of vertical column. Guyana is an English-speaking jurisdiction with a legal system
based on English common law. Since 1997, Guyana has had one of the top quartile
fiscal regimes to encourage drilling in an under-explored basin. The CGX exploration
licence is surrounded by majors: Exxon to the north, the Shell/Burlington/Total/Korean
National Oil joint venture in Suriname to the east; and the AGIP/Repsol joint venture
to the west. Since November 1999, CGX has raised US$13.4 million (net US$12.4
million) in new equity.

Management
Kerry E. Sully, P.Eng., B.Sc., is President & Chief Executive Officer of CGX. Mr.
Sully has over 30 years of petroleum and consulting experience. In 1976, he helped
found Ranchmen?s Resources Ltd. and was its President and Chief Executive Officer
from 1989 to 1995 when Ranchmen?s was the target of a $260-million takeover.
Warren G. Workman, P. Geol., B.Sc., is Vice President Exploration. Mr. Workman is
a highly experienced geophysicist and geologist with more than 26 years of experience
in international and domestic exploration. His career experience includes working for
Amoco Canada Petroleum, Unocal Corporation (where he was involved in the
identification and exploration of offshore oil and gas targets, including projects in the
Gulf of Mexico) and Ranchmen?s Resources, where he was Vice President,
Exploration.

Mr. Workman commented: ?We have four of the largest targets I?ve ever seen in my
career. Few geologists and geophysicists ever get to explore this kind of potential, and
have their theories tested in such a short timeframe?we plan to be drilling in June.? Mr.
Sully, President and Chief Executive, commented: ?We have an opportunity that the
President of every oil company in the world dreams of. Oil is an international business.
We already have significant shareholder holdings in Europe, and, by trading on Ofex,
we will increase our exposure to European investors.?

OFEX
OFEX (www.ofex.co.uk) is an off-exchange share matching and trading facility
operated by J P Jenkins Limited, in conjunction with Newstrack Limited, since
October 1995 to enable London Stock Exchange member firms to deal in the
securities of unlisted and unquoted companies. OFEX price and company-related
information is distributed to quote vendors, including the following services which are
available only to market professionals: Bloomberg; PriMark; Reuters; and FT
Information. OFEX is not directly regulated by either the Financial Services Authority
Limited (U.K.) nor the Securities and Futures Authority Limited (U.K.), but all of J P
Jenkins's trading practices and transactions are regulated by the Securities and Futures
Authority Limited (U.K.). Newstrack Limited is not required by the Financial Services
Act 1986 to be a regulated organisation as it does not carry out investment business.
All trades of OFEX companies which are effected by J P Jenkins Limited are matched
within the CREST electronic settlement system. CGX has appointed IRG PLC as a
U.K. sub-agent to Equity Transfer Services Ltd. in order to be CREST-compliant. All
OFEX trades must be carried out using a U.K. stockbroker. OFEX constituent
companies must follow the requirements of the OFEX Code of Best Practice.

For further information please contact: Kerry Sully, President & CEO, at (604)
733-9647, Dan Farrell or Denis Clement at (416) 364-5569 or Patrick Hickey,
Stoxcapital.com, Dublin, Ireland at 353-1-667-6687 or Caroline Sturdy,
Bell-Pottinger Financial, London, U.K. 0207-353-9203 or visit the CGX website at
www.cgxenergy.com.

THIS PRESS RELEASE WAS PREPARED BY CGX ENERGY INC., WHICH
ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO
REGULATORY AUTHORITY OR SIMILAR BODY HAS APPROVED OR
DISAPPROVED THE INFORMATION CONTAINED HEREIN.

120 Adelaide St. West, Suite 512, Toronto, Ontario, Canada M4H 1T1 Fax: (416)
364-5400 Email: info@cgxenergy.com Shares Outstanding: 46,001,307 Fully diluted:
58,889,741

Here's a little more...


News: May 18, 2000

Story Filed: Thursday, May 18, 2000 4:18 AM EST

CGX Energy Inc. provides update on exciting oil exploration initiative

CGX Energy Inc. a Toronto-based oil exploration company, will hold a

conference call Thursday, May 18 at 10:30 a.m. (EST, Dial in numbers to take part are 416-641-6383 and 1-877-330-4535. A
post view will be available for 24 hours at 416-626-4100, reference number 1528-8423. Kerry Sully, CGX President and Warren
Workman, CGX Vice President Exploration will update investors and the public on the Company's oil exploration activities offshore
Guyana. CGX will also be holding its Annual General Meeting on Tuesday, May 23 at 4:00 p.m. at the Toronto Board of Trade.

Vancouver, BC, May. 18, 2000 (Market News Publishing via COMTEX) -- CGX stands on the threshold of being an instant
international success story. The Company will begin drilling to test a giant turbidite fan offshore Guyana in late May or early June that
has the potential to yield huge amounts of oil, more than Hibernia in fact.

There have only been 20 major oil discoveries (major being 500 million barrels or more) in the 1990's. 19 of these have come from
what are called turbidite fan structures - the spots CGX is set to begin drilling are also turbidite fans.

The geographic and geologic conditions for an oil discovery are extremely encouraging.

"We have four of the largest I've ever seen in my career," says Warren Workman. "Few geologists and geophysicists get to explore
this kind of potential and have their research tested is such a short timeframe."

For more information, to confirm attendance for the conference call and/or AGM, or to arrange an interview with a CGX
spokesperson, please contact Strategic Objectives at (416) 366-2166.

TEL: 416-366-7735 Strategic Objectives
TEL: 416-366-7735 Strategic Objective
FAX: 416-366-2295 Michael Shipticki
Website: strategic-objectives.com Paul Keable
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