CGX Energy Announces Definitive Rig Agreement for use of the Ralph Coffman Rig for the Utakwaaka-1 Well
Toronto, Ontario--(Newsfile Corp. - December 17, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company"), through its wholly owned subsidiary CGX Resources Inc. has entered into a definitive rig agreement with ROWAN RIGS S.À R.L for the provision of rig services for the drilling of the Company's Utakwaaka-1 well in its Corentyne block. Under the terms of the agreement, the Company has procured the use of an offshore jack-up drilling rig named the Ralph Coffman.The main terms...
2018-12-17 10:00 PM EST
CGX Energy and Frontera Announce Amended Letter Agreement and Shares for Debt Settlement
Toronto, Ontario--(Newsfile Corp. - December 17, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") announced today that they have amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4, 2018 to enter into a debt settlement transaction and amend the convertible amount under a bridge loan facility. Shares for Debt SettlementCGX and Frontera have entered into a debt settlement agreement with respect to the settlement...
2018-12-17 1:30 PM EST
CGX Energy and Frontera Announce Strategic Guyana Joint Venture Agreement
Toronto, Ontario--(Newsfile Corp. - December 4, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") announced today that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. The agreement also provides financial support as a critical step in a series of transactions that CGX is seeking to undertake in...
2018-12-04 10:00 PM EST
CGX Energy Agrees to Settle Liabilities Owed to Japan Drilling
Toronto, Ontario--(Newsfile Corp. - October 31, 2018) - CGX Energy Inc. ("CGX Energy") (TSXV: OYL) announced today that it and its subsidiary CGX Resources Inc. (collectively, the "Company") have entered into an agreement with Japan Drilling Co., Ltd. ("JDC") to settle all liabilities claimed by JDC from the Company arising from a drilling contract and subsequent settlement arrangements between the parties as detailed in note 9 to the Company's interim consolidated financial results for the three and six-month periods...
2018-10-31 8:00 AM EDT
CGX Energy Inc. Names Its Corentyne Prospect
Toronto, Ontario--(Newsfile Corp. - August 8, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") announces that it shall be naming a prospect in its Corentyne Petroleum Prospecting Licence (PPL) at a ceremony in Guyana, presided by the Indigenous Peoples of that country on Friday August 10th, 2018. There are no further operational updates at this time. About CGX Energy CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil...
2018-08-08 12:33 PM EDT
CGX Energy Inc. Announces Annual and Special Meeting Voting Results
Toronto, Ontario--(Newsfile Corp. - June 19, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") annual and special meeting of shareholders was held on Tuesday June 19, 2018, where each of the three nominees proposed as directors pursuant to the Company's management proxy circular dated May 3, 2018, were elected as directors. The directors achieved an average approval vote of 99% from shareholders. The detailed results of the vote are set out below: NomineeOutcome of
2018-06-19 5:36 PM EDT