Kawa-1 is Expected to Reach Total Depth in the First Half of December 2021 Option Exercised With Maersk to Drill a Second Well Frontera Energy Corp. today announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX Energy Inc. , Frontera majority-owned subsidiary, and its joint venture partner in the Demerara and Corentyne blocks, also separately announced an update on spud of the Kawa-1 well [...]
CGX Energy Inc. 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 . 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 [...]
CGX Energy Inc. , 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 Corp. , the majority shareholder of CGX, and its joint venture partner in the Demerara and Corentyne blocks, also separately announced an update on activities related to the Corentyne block. Exploration: The Kawa-1 [...]
CGX Energy Inc. today announced that they have completed the loan agreement with Frontera Energy Corp. related to the US$19 million 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 herein between CGX Energy and Frontera are [...]
CGX Energy Inc. 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 . 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 [...]
Targeting Early Third Quarter Spud Frontera Provides Notice of Q1/21 Financial Results and Conference Call Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. , operator of the Corentyne Block, has entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd. , a [...]
CGX Energy Inc. and Frontera Energy Corp. , joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. , Operator of the Corentyne offshore block, has entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd., a subsidiary of The Drilling Company of 1972 A/S, for the provision of a semi-submersible drilling unit [...]
Enables CGX to Continue to Finance Its Share of Joint Venture Expenditures; Kawa-1 Remains On-Track to Spud in 2H21 Frontera Energy Corp. and CGX Energy Inc. , joint venture partners 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 that will enable CGX to continue to finance its share of costs related to [...]
CGX Energy Inc. , announces that it has completed the grant of incentive stock 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 approval [...]
CGX Energy Inc. 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 [...]
CGX Energy Inc. 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 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, stratigraphic trap, interpreted to be analogous to the [...]
Successful Rescheduling of Demerara Work Commitment CGX Energy Inc. and its joint-venture partner Frontera Energy Corp. , are pleased to announce the completion of an independent Prospective Resource study and 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 [...]
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