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Shift in equity financing, farm-in timetable won’t affect CGX’s first well

CGX Energy Inc. and Frontera Energy Corporation say that a pushing back of their equity financing and joint venture farm-in timeline to February 6....

CGX Energy Inc. contracts Ralph Coffman rig for Utakwaana well

CGX Energy Inc. through its wholly owned subsidiary CGX Resources Inc. announced that it has entered into a definitive rig agreement with ROWAN RIGS...

CGX Energy, Frontera in joint venture to explore ‘most exciting offshore...

CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to...

CGX Energy agrees to settle all liabilities with Japan Drilling

CGX Energy Inc. announced on Wednesday that it has entered into an agreement with Japan Drilling Co., Ltd. along with its subsidiary CGX Resources...

Government releases CGX’s PSA covering Corentyne offshore concession

The Government of Guyana on Monday released another Petroleum Agreement, this time for CGX Resources Inc.’s Corentyne offshore concession. Government had a few weeks...

Guyana basin still risky for oil companies – Source

The notion that the Guyana basin has been completely de-risked because of the multiple oil discoveries made by US oil major, ExxonMobil, is misleading...

CGX contract outlines 53% profit oil, 1% royalty for Guyana

The petroleum agreement between the Government of Guyana and Canadian-based CGX Resources Inc. (CGX Energy) stipulates 53 percent profit oil and 1 percent royalty...

Trent University Prof. cautions Guyanese on oil development ‘myth’ at GIPEX...

Trent University Professor, Suresh Narine, told participants at the Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held in Guyana last week that revenue...

CGX ‘indigenous’ position helped it secure extension on petroleum license in...

Guyana views CGX Energy - the first company to embark on large-scale oil exploration off the country's coast – as an indigenous company and...

CGX Energy CEO quits, Narine to act as Executive Chairman

Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in...

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