CGX Energy Inc (CGXEF)

[Rk3]

“Corentyne: CGX Energy and Frontera Energy have to conduct more drilling to prove the 514-628 million oil-equivalent barrels estimated in the Maastrichtian horizon of the northern Corentyne area. The joint venture is in the middle of an appraisal program approved by the Guyana government, which started with the drilling of the Wei-1 well last year, but is yet to announce new wells. Plagued by financial trouble and delays, they are likely to farm out stakes to a third larger company to assist with funding for their work program.”

https://oilnow.gy/featured/guyana-oil-gas-what-to-look-forward-to-in-2024/