CGX Energy Announces CFO Transition
Toronto, Ontario--(Newsfile Corp. - November 9, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today that Tralisa Maraj, the Company's Chief Financial Officer ("CFO"), is leaving CGX effective immediately. A search by the Company is currently underway for a new Chief Financial Officer. During this transitionary period, Hill-York Poon has been appointed interim CFO of the Company and will assist in a seamless changeover when a permanent CFO is named. "On behalf of the...
2021-11-09 7:30 AM EST
CGX Energy Announces Filing of Third Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the third quarter of 2021, together with its Management, Discussion and Analysis - Quarterly Highlights. These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. All values in this news release and the Company's financial disclosures are in United States dollars unless otherwise stated.Third Quarter and...
2021-11-03 10:40 PM EDT
CGX Energy Announces Closing of Rights Offering
Toronto, Ontario--(Newsfile Corp. - November 1, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Corporation") is pleased to announce that it has completed its previously announced rights offering (the "Offering").Pursuant to the Offering, the Corporation offered to holders of its outstanding common shares (the "Common Shares") of record as at the close of business on October 1, 2021 the ability to subscribe for, until 5:00 p.m. (Toronto time) on October 28, 2021 (the "Expiry Date"), an aggregate of...
2021-11-01 7:30 AM EDT
CGX Energy Announces Appointment of Vice President-Development and Granting of Stock Option Grants
Toronto, Ontario--(Newsfile Corp. - October 26, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company"), announces the appointment of Todd Durkee as Vice-President of Development. Mr. Durkee will oversee the development aspects of the Company's projects on its petroleum prospecting licences and deep-water port development. Mr. Durkee will be a core member of the Company's management team, bringing deep industry experience in key strategic and decision making positions. Mr. Durkee was most recently the Vice...
2021-10-26 7:45 AM EDT
CGX Energy Inc. Provides Operational Update and Notice of Virtual Presentation on Guyana-Suriname Basin, Offshore Corentyne Block and Kawa-1 Objectives
Toronto, Ontario--(Newsfile Corp. - October 20, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX") today announced that CGX and Frontera Energy Corporation (TSX: FEC) ("Frontera), the majority shareholder of CGX and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana (the "Joint Venture") will deliver an informational virtual presentation on the Guyana-Suriname basin, the offshore Corentyne block and the Kawa-1 well objectives. Senior technical members will host the virtual presentation on October...
2021-10-20 8:30 AM EDT
CGX Energy Announces US$58 Million Equity Rights Offering, Providing an Equal and Exciting Opportunity to Participate for All Shareholders
Toronto, Ontario--(Newsfile Corp. - September 24, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Corporation") announced today that it has entered into a term sheet with Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana (the "Joint Venture"), for a US$20 million rights offering bridge loan (the "Rights Offering Bridge Loan") that will enable CGX to continue to fund...
2021-09-24 7:30 AM EDT
The Kawa-1 Exploration Well Offshore Guyana Has Spud
Kawa-1 Is Expected to Reach Total Depth in the First Half of December 2021Option Exercised with Maersk to Drill a Second WellToronto, Ontario--(Newsfile Corp. - August 23, 2021) - CGX Energy Inc (TSXV: OYL) ("CGX" or "the Company"), today announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX, and its joint venture partner (collectively, the "Joint Venture") in the Demerara and Corentyne blocks, also separately announced an update...
2021-08-23 8:01 AM EDT
CGX Energy Announces Filing of Second Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - August 11, 2021) - CGX Energy Inc. (TSX: OYL) ("CGX Energy" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the second quarter of 2021, together with its Management, Discussion and Analysis - Quarterly Highlights ("MD&A"). These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. All values in this news release and the Company's financial disclosures are in United States dollars unless otherwise stated.Operational...
2021-08-11 8:53 PM EDT
CGX Energy Provides Operational Update and Results of Annual General Meeting
Toronto, Ontario--(Newsfile Corp. - July 12, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX" or "the Company"), today announced an update on the activities related to its offshore exploration blocks, deep water port project and on the results of the CGX Annual General Meeting. CGX and Frontera Energy Corporation ("Frontera") (TSX: FEC), the majority shareholder of CGX, and its joint venture partner (collectively, the "Joint Venture") in the Demerara and Corentyne blocks, also separately announced an update on activities...
2021-07-12 7:00 AM EDT
CGX Energy Completes US$19 Million Loan Agreement
Toronto, Ontario--(Newsfile Corp. - May 28, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") today announced that they have completed the loan agreement (the "Loan Agreement") with Frontera Energy Corporation ("Frontera") related to the US$19 million loan (the "Loan") previously announced on April 16, 2021, that will enable CGX Energy to continue to finance its share of costs related to the Corentyne, Demerara and Berbice blocks, the Berbice Deepwater Port, and other budgeted costs.The transactions described...
2021-05-28 6:31 PM EDT
CGX Energy Announces Filing of First Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 5, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2021, together with its Management, Discussion and Analysis - Quarterly Highlights ("MD&A"). These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. All values in this news release and the Company's financial disclosures are in United States dollars unless otherwise stated.Gabriel...
2021-05-05 10:19 PM EDT
CGX Energy Announces Agreement for use of the Maersk Discoverer Semi-Submersible Drilling Rig for the Kawa-1 Well on the Corentyne Block Offshore Guyana
Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the Company") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint-venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. ("CGX Resources"), Operator of the Corentyne offshore block, has entered into an agreement (the "Drilling Contract") with Maersk Drilling Holdings Singapore Pte. Ltd., a subsidiary of The Drilling Company of 1972...
2021-04-22 7:00 AM EDT
Frontera and CGX Announce $19 Million Loan Agreement
Toronto, Ontario--(Newsfile Corp. - April 16, 2021) - Frontera Energy Corporation (TSX: FEC) ("Frontera") and CGX Energy Inc. (TSXV: OYL) ("CGX"), joint venture partners (the "Joint Venture") in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced today that they have entered into a term sheet for a $19 million loan (the "Loan") that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara and Berbice blocks, the Berbice Deepwater...
2021-04-16 11:51 PM EDT
CGX Energy Completes Grant of Previously Announced Stock Options
Toronto, Ontario--(Newsfile Corp. - March 23, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company"), announces that it has completed the grant of incentive stock options ("Options") previously announced on February 8, 2021 related to the appointment of Professor Mark D. Zoback as a Director of the Company and Ms. Jennifer Budlong as Exploration Manager. Pursuant to the appointments, the Company granted Professor Zoback and Ms. Budlong Options of 1,000,000 and 400,000, respectively, subject to regulatory...
2021-03-23 7:01 PM EDT
CGX Energy Files Year-End 2020 Audited Consolidated Financial Statements
Toronto, Ontario--(Newsfile Corp. - March 18, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") announced today the release of its audited consolidated financial statements for the year ended December 31, 2020, together with its Management Discussion and Analysis. These documents will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in this news release and the Company's financial disclosures are in United States dollars unless otherwise stated.Gabriel de...
2021-03-18 10:05 PM EDT
CGX Provides Update on the Kawa-1 and Makarapan-1 Exploration Wells and Exploration Program
Toronto, Ontario--(Newsfile Corp. - March 3, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company"), today provided an update on the Kawa-1 and Makarapan-1 exploration wells and exploration program:The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled to a depth of approximately 6,500 metres ("m") in water depth of approximately 370 m and is slated to be drilled in the second half of 2021. The primary target is a Santonian age,...
2021-03-03 10:18 PM EST
CGX Energy Inc. Announces Guyana Resource Evaluation Report
Toronto, Ontario--(Newsfile Corp. - February 16, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the Company") and its joint-venture partner Frontera Energy Corporation (TSX: FEC), are pleased to announce the completion of an independent Prospective Resource study and report (the "Resource Report") in respect of the Corentyne North Area, Corentyne Main Area and Demerara Block, offshore Guyana. The Company also disclosed the successful renegotiation of the Joint Venture's work commitments with respect to its Petroleum Prospecting License...
2021-02-16 6:00 AM EST
CGX Energy Announces Appointments of Professor Mark Zoback to the Board of Directors and Jennifer Budlong as Exploration Manager
Toronto, Ontario--(Newsfile Corp. - February 8, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company"), announces that it has appointed Professor Mark D. Zoback to the Board of Directors of the Company and Ms. Jennifer Budlong as its Exploration Manager. The Company's Board of Directors unanimously voted to increase the number of Directors of the Board from five (5) to six (6) Directors.Mr. Gabriel de Alba, Co-Chair of the Board commented, "Professor Zoback will bring a...
2021-02-08 8:52 PM EST
CGX Energy Announces Appointment of Drilling Director
Toronto, Ontario--(Newsfile Corp. - January 5, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company"), announces that it has contracted Mr. Kevin Lacy as Drilling Director of the Company. Mr. Lacy will oversee all operations of the Company's exploration drilling and potential appraisal programs on the Corentyne and Demerara petroleum prospective licenses offshore Guyana.Mr. Lacy has extensive experience (40 years) in oil and gas operations and drilling in many international basins, especially offshore. His career...
2021-01-05 10:22 PM EST
CGX Announces Rescheduling of Work Commitments in Corentyne Block, Guyana
Toronto, Ontario--(Newsfile Corp. - November 27, 2020) - CGX Energy Inc. (TSXV: OYL) ("CGX" or "the Company") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the joint venture partners (the "Joint Venture") announce that their constructive and collaborative discussions with the Government of Guyana have been concluded with respect to the Corentyne block with a rescheduling of the Joint Venture's work commitments regarding its Petroleum Prospecting License for the Corentyne Block offshore Guyana. The Joint Venture has remained committed throughout to...
2020-11-27 8:30 AM EST