JAN-09-2020: CGX SPECIAL MEETING RESULTSInteresting CGX decided to schedule their annual meeting of stockholders in January - historically these meetings have taken place in May (late Q2)...
Glad to see Gabriel de Alba on the board - in my opinion. Annoucement below...
The current board of directors is now comprised of Suresh Narine, Gabriel de Alba, Dennis Mills, Duncan Nightingale and Hermann Tribukait. Professor Suresh Narine, Executive
Chairman of CGX Energy commented, "CGX Energy has, over the past three years, embarked on a successful, measured and deliberate trajectory to restructure its finances and clean up its balance sheet, secure funding and joint venture partners, revise its geological assessments in light of recent and continuing discoveries in the Guyana-Suriname basin and acquire further 3D seismic coverage on its Corentyne Block in the northern segment of the block, bordering the Stabroek Block: approximately 2 and 8 miles from the Pluma and Hiamara Discoveries respectively. In 2020, the Company aims to focus on the drilling of two explorations wells, one on the Demerara Block and one on the Corentyne Block, and the development of its Deep Water Harbor in Berbice, Guyana. CGX is enthused by the recent discovery on Block 58 in Suriname, east of the Corentyne Block. Importantly, this discovery which is located in the upper Cretaceous, is indicative of oil migration from the source kitchen which has charged the discoveries on the Stabroek Block, in significant quantities approximately 7 miles from the Corentyne Block boundary. The election of Messrs. Nightingale, Tribukait and de Alba to the CGX Energy board by its shareholders now equips the Company with a unique skillset at the board level which is pivotal for the Company as it embarks on an exciting year of exploration drilling in the prolific Guyana-Suriname basin."