CGX Energy Files Year-End 2021 Audited Consolidated Financial Statements and Provides Operational Updates
Toronto, Ontario--(Newsfile Corp. - March 2, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its audited consolidated financial statements for the year ended December 31, 2021, together with its Management Discussion and Analysis (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedar.com. All values in the Financial Disclosures are in United States dollars...
2022-03-02 10:17 PM EST
CGX Energy Inc. and Frontera Energy Corporation: Joint Venture to Focus on Corentyne in 2022
Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX and joint venture (the "Joint Venture") partner of CGX, today announced that, as a result of the initial positive results at the Kawa-1 exploration well, the Joint Venture will focus on the significant exploration opportunities in the Corentyne block and will not engage in drilling activities on the Demerara block...
2022-02-14 7:31 AM EST
CGX Energy Inc. and Frontera Energy Corporation Joint Venture Announces Discovery at Kawa-1 Well, Offshore Guyana
Hydrocarbon Bearing Reservoirs Based on Logging While Drilling Announces Commitment to Drill Second Well on Corentyne Block in Second Half of 2022 Using Maersk DiscovererToronto, Ontario--(Newsfile Corp. - January 31, 2022) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of CGX and joint venture (the "Joint Venture") partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today...
2022-01-31 6:01 PM EST
CGX Energy Inc. and Frontera Energy Corporation Provide Operational Update on Kawa-1 Exploration Well, Offshore Guyana
First of Three Geological Target Zones Has Been PenetratedThe Primary and Secondary Santonian Targets Remain to Be Drilled and EvaluatedToronto, Ontario--(Newsfile Corp. - December 16, 2021) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses...
2021-12-16 7:52 AM EST
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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