CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.

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CGX Energy Inc

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Comment by OIL_RUNon Dec 04, 2018 12:05pm

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Post# 29061524

RE:CGX UPDATE

Another point to add...

6. CGX successful negotiation with JDC. Both parties coming together to renegotiate 45% of the outstanding libailities owed by CGX to JDC (or US $6,637,536.80). Noting the inehrent relationship JDC has with CGX - being primary equity and debt holder.

Now that we have seen one of the three primary equity / debt holders of CGX commit to this arrangement (or option) - could we expect something similar to be structured with Frontera and / or Prospector (CNPC)?

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