The smell of money was in the air....the drill bit was turning. Beneath the drilling platform lay immense petroleum riches waiting to be tapped. But suddenly the world turned upside down. From out out of nowhere came the roar of jetboats. The distinct crackle of gunfire ripped through the air. The jetboats pulled alongside the drilling platform. Savage looking rebels with a thirst for blood wasted little time in making their intentions clear....

The latest best selling fiction thriller you ask? No, not quite. But a series of events not unlike these did unfold about 7 years ago offshore from the South American nation of Guyana. At the centre of events was a Canadian firm CGX Energy (TSX:OYL). At the heart of the matter was a dispute with neighboring Suriname over who owned the oil rights offshore. CGX was caught right in the middle and was forced to halt exploration efforts. For 7 years this feud simmered and for 7 years CGX continued to support Guyana. In fact, CGX paid nearly $9 million in legal fees to support the Guyanese Government's arguments that these offshore rights did belong to them. Finally a couple months ago, a U.N. tribunal made its binding ruling. The offshore oil rights do in fact belong to Guyana and CGX is the rightful license-holder of this offshore property.