Latest news for CGX Energy (OTC:CGXEF) Stock

CGX Energy Inc is a Canada-based company that is engaged in exploring petroleum and natural gas in Guyana, South America. The company's offshore concessions include Corentyne and Demerara, and onshore concessions include Berbice.

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CGX Energy Inc

CGX Energy GAAP EPS of $0.00

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CGX Energy

<ul>
	<li>CGX Energy Inc.&nbsp;(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/OYL#TSXV">OYL</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CGXEF#OTC">CGXEF</a>) and&nbsp;Frontera Energy Corp&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/FEC#TSX">FEC</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FECCF#OTC">FECCF</a>) have&nbsp;<a class="editor-rtfLink" href="https://www.prnewswire.com/news-releases/cgx-and-frontera-announce-light-oil-and-gas-condensate-discovery-at-the-kawa-1-exploration-well-offshore-guyana-301542642.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">successfully discovered light oil in the Santonian and Coniacian and gas condensate</a>&nbsp;in the Maastrichtian and Campanian at the Kawa-1 exploration well, offshore Guyana.</li>
	<li>The JV encountered hydrocarbons in multiple zones extending from 4,638 metres in the Maastrichtian to 6,568 metres in the Coniacian.</li>
	<li>The findings were consistent with discovery wells reported by other operators surrounding the northern portion of the Corentyne block and de-risks the forthcoming Wei-1 exploration well, expected to be spud in 3Q&#39;22.</li>
	<li>CGX continues to evaluate several strategic opportunities to secure additional financing to meet the costs of the drilling program.</li>
	<li>Data from the Kawa-1 and Wei-1 exploration wells will inform future activities and potential development decisions.</li>
	<li>Price Action:&nbsp;OYL shares are trading lower by 19.41% at C$1.37 on TSXV and FEC lower by 7.93% at C$13.823 on TSX on the last check Monday.</li>
</ul>

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Latest news for CGX Energy (OTC:CGXEF) Stock

Monday, May 09, 2022

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Tuesday, September 10, 2019

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Tuesday, August 27, 2019