CGX Energy Inc. announces the release of its unaudited consolidated financial statements for the third quarter of 2019, 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 [...]
CGX Energy Inc. and Frontera Energy Corp. announced today that Frontera has elected to convert the principal amount outstanding under its bridge loan facility due September 30, 2019 . As previously announced on December 4, 2018, December 17, 2018 and February 1, 2019, the principal amount outstanding under the Bridge Loan is convertible at a price of US$0.22 per share . As a result of conversion of the Bridge Loan [...]
CGX Energy Inc. , is pleased to provide an operational update on its operations in the Corentyne Block and related matters. Seismic Acquisition on Northern Portion of Corentyne Block The Company, through its wholly owned subsidiary CGX Resources Inc. as the operator of the Corentyne Block under a Joint Operating Agreement with Frontera Energy Guyana Corp , has executed a contract with PGS Geophysical SA to provide [...]
CGX Energy Inc. , at the request of the Market Surveillance group of the Investment Industry Regulatory Organization of Canada, announces that the Company is not aware of any material undisclosed information that may be contributing to the level of trading activity of its shares on the TSX Venture Exchange. About CGX Energy CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in [...]
Toronto, Ontario-- - CGX Energy Inc. announced today that Mr. Erik Lyngberg has resigned his position as a director with the Company. As a result, Mr. Duncan Nightingale has been appointed to the Company's Board of Directors. Mr. Nightingale has over 30 years of oil and gas exploration and development experience, and is currently Corporate Vice President, Operations, Development and Reservoir Management at [...]
CGX Energy Inc. announced today that a resequencing of its work programme in the Corentyne block, held by its wholly owned subsidiary CGX Resources Inc. , has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic of Guyana. CRI and Frontera Energy Guyana Corp. are joint venture partners in the block. Initially, the Company intended to drill one exploration [...]
CGX Energy Inc. announced today that the annual and special meeting of shareholders was held on Thursday June 27, 2019, where each of the three nominees proposed as directors pursuant to the Company's management proxy circular dated May 13, 2019 were elected as directors. The directors achieved an average approval vote of 99.9% from shareholders. The detailed results of the vote are set out below: Nominee Outcome of Vote [...]
CGX Energy Inc. announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2019, 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. and Frontera Energy Corp. announced today that the Government of The Cooperative Republic of Guyana has approved the farm-in joint venture agreement covering two shallow water offshore Petroleum Prospecting Licenses in Guyana, the Corentyne and Demerara blocks. Under the terms of the farm-in joint venture agreement between Frontera and a wholly owned subsidiary of CGX, CGX Resources Inc., Frontera will [...]
CGX Energy Inc. announced today the release of its audited consolidated financial results for the year ended December 31, 2018, together with its Management Discussion and Analysis. 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. Professor [...]
CGX Energy Inc. is pleased to announce that it has completed its previously announced rights offering . Pursuant to the Offering, the Corporation issued to holders of its outstanding common shares of record as at the close of business on February 11, 2019 an aggregate of 116,102,318 transferable rights to subscribe for, until 5:00 p.m. on March 12, 2019 , an aggregate of 116,102,318 Common Shares. Each Right entitled [...]
CGX Energy Inc. announced today that it will be offering rights to holders of its common shares at the close of business on the record date of February 11, 2019, on the basis of one Right for each Common Share held . Each one Right will entitle the holder to subscribe for one Common Share upon payment of the subscription price of C$0.25 . There are currently 116,102,318 Common Shares issued and outstanding. The Rights [...]
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