3681 results found for 'cgx'

3681 results found for 'cgx'
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  • Guyana: CGX, Frontera amend financing and farm-in deals. Drilling schedule unchanged

    11 January 2019
    Business & Finance, Project & Tenders

    CGX and Frontera have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million.

  • Pacific Rubiales Increases Ownership in CGX Energy

    29 April 2013
    Business & Finance

    Pacific Rubiales Energy Corp. has announced the closing of the CGX Energy Inc. private placement financing on April 26, 2013. The Company subscribed for 350 million units (“Units”) at a price of Cdn.$0.10 per Unit for an aggregate price of Cdn.$35 million. Each Unit is comprised of one common share in the capital of CGX and one whole common share […]

  • CGX Secures Funds for Guyana-Suriname Basin Exploration

    31 May 2012
    Business & Finance

    Canada’s Pacific Rubiales Energy Corp has agreed to purchase 85,714,285 units of CGX Energy Inc. (“CGX”) at a price of C$0.35 per unit for an aggregate investment of C$30 million. At the same time, the Company has entered into a technical services agreement with CGX whereby Pacific Rubiales will provide technical assistance to CGX in […]

  • CGX Energy hires Rowan rig for Guyana well

    18 December 2018
    Business & Finance, Exploration & Production

    CGX Energy has decided to use one of Rowan-owned jack-up drilling rigs for drilling operations offshore Guyana. 

  • Guyana Issues Two Exploration Licences to CGX

    15 February 2013

    CGX Energy Inc. has announced that the Government of Guyana has issued two new petroleum prospecting licenses, one to CGX Resources Inc., a wholly owned subsidiary of CGX and one to ON Energy Inc. (“ON Energy”), a 62% owned subsidiary of CGX, both effective as of February 12, 2013 and renewable after four years for […]

  • CGX taps $19 million loan from Frontera for Guyana projects

    19 April 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana.

  • Frontera, CGX push back Guyana drilling by one year

    27 November 2020
    Authorities & Government, Business Developments & Projects, Project & Tenders, Regulation & Policy

    Joint venture partners in the Corentyne block offshore Guyana – Frontera Energy and CGX Energy – have concluded collaborative discussions with the Government of Guyana concerning the rescheduling of the work commitments on the block.

  • Canada’s Pacific Rubiales to Take Control of CGX Energy

    1 March 2013
    Business & Finance

      Pacific Rubiales Energy Corp,a Canadian company and producer of natural gas and crude oil, announced that it has entered into a binding term sheet with CGX Energy Inc., pursuant to which Pacific Rubiales has agreed to invest Cdn$35,000,000 in CGX at a price of Cdn$0.14 per unit for an aggregate of 250 million units. Ronald Pantin, […]

  • CGX Stops Repsol, RWE Dea Farm-Out Deal in Guyana

    20 January 2014
    Business & Finance

    CGX Energy Inc. announced today that its wholly-owned subsidiary, CGX Resources Inc., obtained an injunction order from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. (“Repsol”) from proceeding with the 30% farm-out of the Kanuku petroleum prospecting license to RWE Dea AG pending the hearing and determination of the arbitration proceedings started by CGX […]

  • CGX Energy chief executive resigns from post

    11 January 2018
    Business & Finance

    CGX Energy has accepted the resignation of its chief executive officer, effective January 8, 2018.

  • Guyana: CGX Energy cuts ties with rig yard project partner

    19 October 2016
    Exploration & Production, Project & Tenders

    Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin, CGX Energy, has canceled a partnership deal for the company’s proposed wharf and logistics yard in Berbice, Guyana. CGX had entered into a term sheet agreement with an undisclosed potential partner regarding its Berbice Port Project back in April. The […]

  • CGX hires Bristow Helicopters for support offshore Guyana

    19 August 2014
    Equipment

    CGX Energy, a Canadian company with exploration assets offshore Guyana, has announced that it has entered into a definitive agreement for the provision of helicopter services for use in the drilling of its first commitment well on its Corentyne Block scheduled to be spudded before October 31, 2015. Under the terms of the agreement, CGX has […]

  • CGX gets more time to spud Guyana well

    23 June 2014
    Business & Finance

    CGX Energy Inc. has provided an operational update on its exploration assets in Guyana.

  • Guyana clears revised work program for CGX’s Corentyne block

    5 August 2019
    Project & Tenders

    The Government of Guyana has approved resequencing of CGX Energy’s work program in the offshore Corentyne block.

  • Repsol, RWE Dea farm-out deal put on ice pending arbitration (Guyana)

    1 September 2014

    Spanish oil giant Repsol has been prevented from selling a stake in an offshore Guyana block by the Caribbean country’s authorities. CGX Energy Inc. has informed it has obtained an order from the High Court of the Supreme Court of Judicature in Guyana upholding the injunction from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. […]

  • Guyana approves CGX, Frontera offshore block farm-out

    3 May 2019

    Guyana has approved the previously proposed farmed out of a share in CGX’s two offshore blocks in Guyana to Frontera Energy Corporation.

  • Repsol, CGX Preparing Guyana Farm-Out Deal

    2 October 2012
    Business & Finance

    CGX Energy Inc. has entered into an agreement that may lead to the farm-out of 5% of its 25% participating interest in the Georgetown Block to Repsol Exploración S.A. The agreement is subject to Government of Guyana approval. If approved, the revised interest, effective September 1, 2012, in the Georgetown Petroleum Prospecting License would be […]

  • CGX Collects Funds for Two Wells Offshore Guyana

    21 October 2011
    Business & Finance

    CGX Energy Inc. announced that it has closed its previously announced offering of common shares at $0.70 per share (the “Offering”). Pursuant to the Offering, CGX has issued 131,445,000 common shares (the “Common Shares”) of the Company for gross proceeds of $92,011,500 which included the full exercise of the over-allotment option. The Offering was led […]

  • CGX’s Eagle-1 Well Offshore Guyana Disappoints

    8 May 2012
    Business & Finance

    CGX Energy Inc. announces the results of the drilling of the Eagle-1 well on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License (“PPL”), offshore Guyana. The Eagle-1 well reached total depth of 4,328 metres on April 25th in the upper Cretaceous Maastrictian geologic zone on an 8 ½ ” diameter hole and with […]

  • CGX, Inpex and Petronas sign rig sharing deal

    26 February 2014
    Business & Finance

    CGX Energy Inc. has entered into a Memorandum of Understanding with Teikoku Oil (Suriname) Co., Ltd., a wholly-owned subsidiary of INPEX and PETRONAS Suriname E&P B.V (PSE PBV), for rig sharing in the Guyana-Suriname basin. The parties have agreed to form a group for rig sharing and will enter into a definitive agreement with respect […]

  • CGX Energy takes on operations manager for Corentyne project (Guyana)

    6 March 2018
    Business & Finance

    CGX Energy has appointed a project operations manager for an exploration well on the Corentyne block offshore Guyana.

  • Funds secured for upcoming exploration well in Guyana

    22 July 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    CGX Energy and Frontera Energy, partners in the Corentyne block offshore Guyana, have announced a transaction for the block.

  • CGX Energy moving forward with demobilisation activities off Guyana

    28 December 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders, Regulation & Policy

    CGX will continue with the demobilisation of exploration drilling off Guyana, according to the Guyanese Maritime Administration Department.

  • CGX hires PGS for Corentyne survey, defers rig contract

    24 September 2019
    Business & Finance, Exploration & Production, Project & Tenders

    CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up due to the re-sequencing of commitments in the Corentyne Block. 

  • Guyana partners reveal spending plan for second exploration well

    17 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Following positive results from the first well, Guyana partners have now revealed spending plans for the second well.