CGX Energy Files Year-End Audited Financial Statements
Toronto, Ontario--(Newsfile Corp. - April 24, 2019) - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") 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...
2019-04-24 11:21 PM EDT
CGX Energy and Frontera Announce Execution of Farm-in Joint Venture Agreement and Bridge Loan
Toronto, Ontario--(Newsfile Corp. - February 1, 2019) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) are pleased to announce today the execution of a farm-in joint venture agreement covering CGX's two shallow water offshore Petroleum Prospecting Licenses in Guyana, the Corentyne and Demerara Blocks. These agreements remain subject to Guyanese government approval.CGX and Frontera are also pleased to announce today that they have entered into an amended and...
2019-02-01 6:00 AM EST
CGX Energy and Frontera Announce Amendment to Letter Agreement
Toronto, Ontario--(Newsfile Corp. - January 11, 2019) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") 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...
2019-01-11 7:30 AM EST
CGX Energy and Frontera Announce Closing of Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - December 20, 2018) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") 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 (the "Shares") 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...
2018-12-20 4:30 PM EST
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...
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...
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