228 Feet Of Net Pay Identified Across The Maastrichtian, Campanian, Santonian And Coniacian Horizons Third-Party Analyses Indicate Light Oil In Santonian And Coniacian, Gas Condensate In Maastrichtian and Campanian Kawa-1 Findings Are Consistent With Discovery Wells Reported By Other Operators Adjacent To The Corentyne Block Additional Potential Exists In The Central Channel Complexes Between Wei-1 And Kawa-1 And Is The [...]
CGX and Frontera also Announce Virtual Presentation on May 9, 2022 CGX Energy Inc. announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2022, together with its Management, Discussion and Analysis - Quarterly Highlights . 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 [...]
CGX Energy Inc. announced today that further to its press release of March 10, 2022, the Company has closed the previously announced financing agreement for a U.S. $35 million loan with Frontera Energy Corp. that will allow CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with Frontera. Under the terms of the Loan, as [...]
VENTURE'S Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35 million loan that will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with [...]
VENTURE'S Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35 million loan that will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with [...]
CGX Energy Inc. today provided additional details about the findings from the independent laboratory that analyzed the Kawa-1 well samples of cuttings from the four pay intervals in the Santonian mentioned in their March 2, 2022 press release. Kawa-1 was a first stage exploration well intended to identify the presence of hydrocarbons, which occurred. The well was then decommissioned by way of safely plugging and [...]
CGX Energy Inc. announced today the release of its audited consolidated financial statements for the year ended December 31, 2021, together with its Management Discussion and Analysis . 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 unless otherwise stated. Corentyne Block CGX and [...]
CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and 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 in 2022, as previously outlined by press release on [...]
CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and 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 in 2022, as previously outlined by press release on [...]
Kawa-1 Well Encounters 177 Feet of Hydrocarbon Bearing Reservoirs Based on Logging While Drilling Announces Commitment to Drill Second Well on Corentyne Block in Second Half of 2022 Using Maersk Discoverer CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that the Joint [...]
KAWA-1 WELL ENCOUNTERS 177 2022 USING MAERSK DISCOVERER TORONTO, Jan. 31, 2022 /CNW/ - CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that the Joint Venture has made a discovery at the Kawa-1 well, in the Corentyne Block. Gabriel de Alba, Chairman of Frontera's Board [...]
Logging-while-drilling and Cuttings Indicate Presence of Active Hydrocarbon System in Several Campanian and Upper Santonian Formations Approximately 90% of Planned Footage Drilled to Date Horizon 19, the First of Three Geological Target Zones Has Been Penetrated The Primary and Secondary Santonian Targets Remain to Be Drilled and Evaluated CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of and joint [...]
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