CGX and Frontera Complete Joint Operating Agreement Amendment, Participating Interest in Corentyne Block is 32% CGX and 68% Frontera
Toronto, Ontario--(Newsfile Corp. - December 1, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), announce today that, further to its announcement on November 28, 2022, due to circumstances beyond the reasonable control of the Joint Venture related to ongoing exploration activities by a third-party operator that have delayed the release of the NobleCorp Discoverer...
2022-12-01 7:15 AM EST
CGX and Frontera Provide Update On Wei-1 Well Preparations
Toronto, Ontario--(Newsfile Corp. - November 28, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), announce today its continued commitment to drill the Wei-1 well and that final preparations are complete in advance of spudding the Wei-1 well, which follows the discovery of light oil and condensate at the Kawa-1 well earlier this year. The...
2022-11-28 7:16 AM EST
CGX Energy Announces Filing of Third Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the third quarter of 2022, together with its Management, Discussion and Analysis - Quarterly Highlights (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in the Financial Disclosures are in United States dollars unless otherwise stated.Company Highlights:...
2022-11-01 10:43 PM EDT
CGX Energy and Frontera Energy Announce Extensions of Previous Loan and JOA Amendment Agreements to November 30, 2022
Toronto, Ontario--(Newsfile Corp. - October 3, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announce that the parties have agreed to (i) extend the maturity date of the previously announced US$19 million convertible loan to CGX dated May 28, 2021, as amended (the "Loan Agreement") to November 30, 2022; and (ii) amend the previously announced...
2022-10-03 7:15 AM EDT
CGX Energy Announces Conditional Approval from the TSXV for the Agreement to Amend the Joint Operating Agreement on the Corentyne Block
Toronto, Ontario--(Newsfile Corp. - August 22, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") is pleased to provide an update to the agreement to amend the Joint Operating Agreement originally signed between CGX and a subsidiary of Frontera Energy Corporation ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "Corentyne Block"), on January 30, 2019, as amended (the "Agreement"), effectively farming into the Corentyne block and...
2022-08-22 7:41 AM EDT
CGX Energy Announces Filing of Second Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - August 9, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the second quarter of 2022, together with its Management, Discussion and Analysis - Quarterly Highlights (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in the Financial Disclosures are in United States dollars unless otherwise stated.Company Highlights:...
2022-08-09 10:28 PM EDT
CGX Invites Shareholders to Attend 2022 Annual and Special Meeting of Shareholders on July 29, 2022
Toronto, Ontario--(Newsfile Corp. - July 26, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today that its shareholders are invited to attend in person or virtually its 2022 Annual and Special Meeting of Shareholders (the "Meeting") at 10:00 am EST on Friday, July 29, 2022. The Company will hold the meeting at the office of Fasken Martineau DuMoulin LLP located at 333 Bay Street, Suite 2400, Toronto, Ontario and via video conference. Shareholders who plan...
2022-07-26 10:00 PM EDT
CGX Energy and Frontera Energy Announce Transaction for the Corentyne Block That Secures Funding for the Wei-1 Exploration Well
Participating Interest in Corentyne Block Now 32% CGX and 68% FronteraThe Joint Venture Anticipates Spudding the Wei-1 Exploration Well in October 2022CGX and Frontera Agree to Convert May 2021 and March 2022 Loans into Participating Interest in CorentyneToronto, Ontario--(Newsfile Corp. - July 22, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announces today that the companies...
2022-07-22 7:15 AM EDT
CGX Energy Announces Chief Financial Officer Transition
Toronto, Ontario--(Newsfile Corp. - July 18, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today that due to personal reasons Mr. George Davis, the Company's Chief Financial Officer ("CFO"), is leaving CGX effective immediately. Mr. Daniel Sanchez, currently head of the Corporate Consolidation and Reporting team at Frontera Energy Corporation ("Frontera") has been appointed CFO of CGX effective immediately."We are very pleased to have Daniel Sanchez appointed as our new Chief Financial Officer. He is...
2022-07-18 7:00 AM EDT
CGX Energy Announces the Appointment of George Davis as Chief Financial Officer and Paul Langlois as Exploration Manager
Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today that Mr. George Davis has been appointed as the Chief Financial Officer ("CFO") of the Company, effective July 1, 2022. Mr. Davis replaces the Interim CFO, Ms. Hill York Poon, who will be remaining with the Company as its Director of Finance. The Company also announced today the appointment of Mr. Paul Langlois as its Exploration Manager, effective June...
2022-07-05 7:00 AM EDT
CGX Provides Update on Exploration Blocks Offshore and Onshore Guyana
Following Light Oil and Gas Condensate Discovery at The Kawa-1 Exploration Well, CGX and JV Partner to Focus on Corentyne Block The Wei-1 Exploration Well Expected To Be Spud In 3Q'22CGX has in Principle Come to Mutual Agreement with the Government of Guyana to Relinquish Demerara and Berbice BlocksToronto, Ontario--(Newsfile Corp. - June 16, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX"), joint venture partner with Frontera Energy Corporation (TSX: FEC) in the Petroleum Prospecting License for the Corentyne block...
2022-06-16 7:30 PM EDT
CGX And Frontera Announce Light Oil And Gas Condensate Discovery At The Kawa-1 Exploration Well, Offshore Guyana
228 Feet (69 Metres) Of Net Pay Identified Across The Maastrichtian, Campanian, Santonian And Coniacian Horizons Third-Party Analyses Indicate Light Oil In Santonian And Coniacian, Gas Condensate In Maastrichtian and CampanianKawa-1 Findings Are Consistent With Discovery Wells Reported By Other Operators Adjacent To The Corentyne BlockAdditional Potential Exists In The Central Channel Complexes Between Wei-1 And Kawa-1 And Is The Focus Of Ongoing Technical WorkKawa-1 Results De-Risk Equivalent Oil Targets Anticipated At The Wei-1 Exploration Well, Expected To Be Spu
2022-05-09 10:21 AM EDT
CGX Energy Announces Filing of First Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2022, together with its Management, Discussion and Analysis - Quarterly Highlights (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in the Financial Disclosures are in United States dollars unless otherwise stated.CGX and...
2022-05-03 10:13 PM EDT
CGX Energy Completes U.S. $35 Million Loan Agreement
Toronto, Ontario--(Newsfile Corp. - April 8, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today that further to its press release of March 10, 2022, the Company has closed the previously announced financing agreement for a U.S. $35 million loan (the "Loan") with Frontera Energy Corporation ("Frontera") that will allow CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed...
2022-04-08 7:12 AM EDT
CGX and Frontera Announce U.S. $35 Million Loan Agreement
Toronto, Ontario--(Newsfile Corp. - March 10, 2022) - Frontera Energy Corporation (TSX: FEC) ("Frontera") and CGX Energy Inc. (TSXV: OYL) ("CGX"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35 million loan (the "Loan") that will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port,...
2022-03-10 10:40 PM EST
CGX Energy Provides Operational Update
Toronto, Ontario--(Newsfile Corp. - March 4, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") today provided additional details about the findings from the independent laboratory that analyzed the Kawa-1 well samples of cuttings from the four pay intervals in the Santonian mentioned in their March 2, 2022 press release. Kawa-1 was a first stage exploration well intended to identify the presence of hydrocarbons, which occurred. The well was then decommissioned by way of safely plugging...
2022-03-04 8:25 AM EST
CGX Energy Files Year-End 2021 Audited Consolidated Financial Statements and Provides Operational Updates
Toronto, Ontario--(Newsfile Corp. - March 2, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its audited consolidated financial statements for the year ended December 31, 2021, together with its Management Discussion and Analysis (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in the Financial Disclosures are in United States dollars unless otherwise stated.Corentyne BlockCGX and Frontera,...
2022-03-02 10:17 PM EST
CGX Energy Inc. and Frontera Energy Corporation: Joint Venture to Focus on Corentyne in 2022
Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX and joint venture (the "Joint Venture") partner of CGX, today announced that, as a result of the initial positive results at the Kawa-1 exploration well, the Joint Venture will focus on the significant exploration opportunities in the Corentyne block and will not engage in drilling activities on the Demerara block in 2022, as previously...
2022-02-14 7:31 AM EST
CGX Energy Inc. and Frontera Energy Corporation Joint Venture Announces Discovery at Kawa-1 Well, Offshore Guyana
Kawa-1 Well Encounters 177 Feet (54 Metres) of Hydrocarbon Bearing Reservoirs Based on Logging While Drilling Announces Commitment to Drill Second Well on Corentyne Block in Second Half of 2022 Using Maersk DiscovererToronto, Ontario--(Newsfile Corp. - January 31, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX and joint venture (the "Joint Venture") partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced...
2022-01-31 6:01 PM EST
CGX Energy Inc. and Frontera Energy Corporation Provide Operational Update on Kawa-1 Exploration Well, Offshore Guyana
Logging-while-drilling and Cuttings Indicate Presence of Active Hydrocarbon System in Several Campanian and Upper Santonian FormationsApproximately 90% of Planned Footage Drilled to DateHorizon 19, the First of Three Geological Target Zones Has Been PenetratedThe Primary and Secondary Santonian Targets Remain to Be Drilled and EvaluatedToronto, Ontario--(Newsfile Corp. - December 16, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses...
2021-12-16 7:52 AM EST