(CGX, 4.Dec.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that on 11 Dec. 2023, at 10 am ET, senior operational and technical team members will host a virtual informational presentation on […]
Tag: CGX Energy Inc.
CGX and Frontera Report Find Offshore Guyana
(Frontera, 9.Nov.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, are pleased to announce today the discovery of a total of 114 feet (35 meters) […]
CGX and Frontera Find 210 Feet of Hydrocarbon-Bearing Sands in Guyana
(Frontera, 28.Jun.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, are excited to announce today that the Joint Venture has discovered oil at the Wei-1 […]
CGX and Frontera Spud Wei-1 Offshore Guyana
(CGX Energy, 23.Jan.2023) — CGX Energy Inc. (TSXV: OYL) operator and joint venture partner with Frontera Energy Corporation in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced the spud of the Wei-1 well, on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana. The Joint Venture […]
Frontera and CGX to Spud Wei-1 Offshore Guyana by Jan. 2023
(Frontera, 28.Nov.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announce its continued commitment to drill the Wei-1 well and that final preparations are complete in advance of spudding the Wei-1 well, which […]
CGX and Frontera Extend JOA Amendment Agreements to 30 Nov. 2022
(CGX, 3.Oct.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announce that the parties have agreed to (i) extend the maturity date of the previously announced $19mn convertible loan to CGX dated […]
CGX and Frontera Secure Funding for the Wei-1 Exploration Well Offshore Guyana
(CGX, 22.Jul.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announces today that the companies have entered into an agreement to amend the Joint Operating Agreement originally signed between CGX and a […]
Frontera Provides Update on Exploration Block Offshore Guyana
(Frontera, 16.Jun.2022) — Frontera Energy Corporation (TSX: FEC), joint venture partner with CGX Energy Inc. (TSXV: OYL) in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that, following constructive discussions with the government of Guyana, the joint venture will focus exclusively on the exploration opportunities in the Corentyne […]
NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down
(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and OPEC Secretary General Mohammad Barkindo (from Nigeria) preparing to step down from his leadership post at the organization in August 2022. LATIN AMERICA AND CARIBBEAN […]
CGX and Frontera Find Light Oil and Gas Condensate at Kawa-1
(Frontera, 9.May.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced integrated results from the Kawa-1 exploration well, offshore Guyana. The Kawa-1 well was drilled in water depth of approximately 355 meters (1,174 ft) […]
Frontera Reports 1Q:22 Net Income of $102.2mn
(Frontera, 3.May.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 31 March 2022. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continued to deliver strong performance results […]
CGX and Frontera Announce $35mn Loan Deal to Support Guyana Costs
(Frontera, 10.Mar.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), 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. $35mn loan that will enable CGX to continue to finance part of its […]
Frontera Announces 4Q:21 and YE:21 Results
(Frontera, 2.Mar.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter ended 31 December 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continues to deliver on its strategic, […]
NRGBriefs: Frontera Sets Guyana Exploration CAPEX at $110-$130mn
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including Frontera Energy anticipating Guyana exploration CAPEX of $110-$130mn in 2022 and CGX Energy anticipating further investments of $5-$10mn for the Berbice Deepwater Port Project; Kootenay Silver saying JV operator Aztec Minerals Corp. reported a broad, high grade, gold intercept in the first RC drill hole […]
Frontera Announces CAPEX and Production Guidance for 2022
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]
GX Energy and Frontera JV to Focus on Corentyne Block in 2022
(CGX Energy, 14.Feb.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX, 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 […]
Guyana Produced 42.7 MMbbls in 2021 – Minister Singh
(DPI, 1.Feb.2022) — For the year 2021, Guyana produced 42.7 million barrels of light, sweet crude from the Liza One development in the prolific Stabroek Block. This was announced by Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh when he presented Budget 2022 […]
Frontera and CGX Find Oil at Kawa-1 Well Offshore Guyana
(Frontera, 31.Jan.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, 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 of Directors and Co-Chairman […]
NRGBriefs: De Novo Prepares Zandolie’s Subsea Structure
(Energy Analytics Institute, 31.Jan.2022) — Energy briefs including EP PetroEcuador and Abastecedora Ecuatoriana de Combustibles S.A. (ABASTIBLES S.A.) signing a petroleum products contract; shares of Frontera Energy and CGX Energy halting on rumors of a find offshore Guyana at the Kawa well; and DeNovo’s Zandolie subsea structure being readied for […]
CGX And Frontera Update On Kawa-1 Exploration Well
(CGX, 16.Dec.2021) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, today provide an operational update on the Kawa-1 exploration well in the Corentyne […]
Frontera Energy Reveals 3Q:21 Results
(Frontera Energy, 3.Nov.2021) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the third quarter ended 30 September 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. Third Quarter Operational and Financial Results: The company is tightening and increasing its full-year operating EBITDA […]
NRGBriefs: Argentina’s Vaca Muerta-San Jerónimo Pipeline
(Energy Analytics Institute, 1.Nov.2021) — Energy briefs including YPF’s President Pablo González saying the national government would be revealing details “within a few days” regarding a new gas pipeline project that would transport production from the Vaca Muerta formation to San Jerónimo and potentially on to Brazil; details of around […]
Frontera Spuds Kawa-1 Offshore Guyana
(Frontera, 23.Aug.2021) — Frontera Energy Corporation (TSX: FEC) announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX Energy Inc. (TSXV: OYL), Frontera majority-owned subsidiary, and its joint venture partner in the Demerara and Corentyne blocks, also separately announced an update on spud of the Kawa-1 well. Additionally, the […]
Frontera Updates On Guyana Exploration
(Frontera Energy, 12.Jul.2021) — Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX Energy Inc. (TSXV: OYL) and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced an update on the activities related to the Corentyne block. Exploration The Kawa-1 well, […]
CGX Spuds Long-awaited Guyana Oil Well
(Argus, 8.Jul.2021) — Canadian independent CGX Energy, one of the early movers in Guyana’s offshore play, spudded its first well in the South American country, 21 years after its initial effort derailed because of a border dispute. CGX has started drilling the Kawa-1 well on the shallow-water Corentyne block with […]
CGX To Use Maersk Rig For Kawa-1 Well
(CGX Energy, 22.Apr.2021) — CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC), joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc., operator of the Corentyne offshore block, has entered into an agreement (the “Drilling Contract”) with Maersk Drilling […]
Frontera And CGX Ink $19mn Loan Deal
(Frontera, 16.Apr.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners (the “Joint Venture“) in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced today that they have entered into a term sheet for a $19mn loan (the “Loan”) that will enable CGX to continue […]
Frontera Releases Resources Details On Guyana Blocks
(Frontera, 16.Feb.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners, announced completion of an independent Prospective Resource study and report in respect of the Corentyne North Area, Corentyne Main Area and Demerara block, offshore Guyana. The Joint Venture is also pleased to announce the successful rescheduling of […]
CGX Names Professor Mark Zoback To The BODs
(CGX, 8.Feb.2021) — CGX Energy Inc. has appointed Professor Mark D. Zoback to the Board of Directors of the Company and Ms. Jennifer Budlong as its Exploration Manager. The company’s Board of Directors unanimously voted to increase the number of Directors of the Board from five (5) to six (6) […]
Frontera Reports Approval For Guyana Resequencing
(Frontera, 2.Aug.2019) — Frontera Energy Corporation said a resequencing of CGX Energy Inc.’s work programme in the Corentyne block, offshore Guyana, held by its wholly owned subsidiary, CGX Resources Inc., has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic […]
CGX Energy And Frontera Energy Receive Approval Of Strategic JV From Guyana
(CGX, 3.May.2019) — CGX Energy Inc. and Frontera Energy Corporation announced today that the Government of The Cooperative Republic of Guyana has approved the farm-in joint venture agreement covering two shallow water offshore Petroleum Prospecting Licenses in Guyana, the Corentyne and Demerara blocks. Under the terms of the farm-in joint […]