CGX Energy Inc.

Toronto, Ontario-- - CGX Energy Inc. and Frontera Energy Corp. announced today that they have further amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4, 2018 and amended on December 14, 2018, to extend the time of the launch of the equity financing in the amount of approximately US$20 million to occur on or prior to February 6, 2019 and anticipated to be completed on or [...]

CGX Energy Inc. and Frontera Energy Corp. announced today that, further to their news release of December 17, 2018, CGX has issued 5,714,285 common shares in the capital of the Company to Frontera to settle a total of US$1.2 million in debt. For further details on this transaction, please see our December 17 press release. All of the Shares are subject to a statutory hold period expiring on April 21, 2019 in accordance [...]

CGX Energy Inc. , 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 of the rig contract are [...]

CGX Energy Inc. and Frontera Energy Corp. 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 Settlement CGX and Frontera have entered into a debt settlement agreement with respect to the settlement of US$1,200,000 of [...]

CGX Energy Inc. and Frontera Energy Corp. 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 order to restructure its [...]

CGX Energy Inc. announced today that it and its subsidiary CGX Resources Inc. have entered into an agreement with Japan Drilling Co., Ltd. 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 ended June 30, 2018 [...]

CGX Energy Inc. announces that it shall be naming a prospect in its Corentyne Petroleum Prospecting Licence 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 in the Guyana-Suriname Basin. For further [...]

CGX Energy 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: Nominee Outcome of Vote Voted Voted Erik Lyngberg [...]

TORONTO, April 6, 2018 /CNW/ - CGX Energy Inc. announced today the release of its audited consolidated financial results for the year ended December 31, 2017, 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. Professor Suresh Narine, Executive Chairman and Executive Director of CGX Energy commented: "2017 has been [...]

TORONTO, March 2, 2018 /CNW/ - CGX Energy Inc. announced today the appointment of Drilling Engineer Michael P. Stockinger as Project Operations Manager, who will be in charge of designing the company's next offshore exploration well on the Corentyne Block offshore Guyana. Executive Chairman, Professor Suresh Narine said "we are delighted that Mike Stockinger has rejoined the company as our Drilling Engineer. Mike brings [...]