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CGX Energy Announces Annual and Special Meeting Voting Results and provides Operational Update
CGX Energy Announces Annual and Special Meeting Voting Results and provides Operational Up...
About this update from Cgx Energy Inc.
[{"type":"text","content":"\n\n\n\nCGX Energy Announces Annual and Special Meeting Voting Results and provides Operational Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCGX Energy Announces Annual and Special Meeting Voting Results and provides Operational Update\nCanada NewsWire\nTORONTO, July 4, 2016\n\n\n\n(TSX-V | OYL)\n\n\n\nTORONTO, July 4, 2016 /CNW/ - CGX Energy Inc. (\"CGX Energy\" or the \"Company\") announced today the results of its Annual and Special Meeting of Shareholders and provided an updated update. \n\nVoting Results\n\nThe Company's annual and special meeting of shareholders was held on Thursday June 30, 2016, where each of the seven nominees proposed as directors pursuant to the Company's management proxy circular dated May 30, 2016 were elected as directors. Each of the following directors were elected to the Board of Directors: José Francisco Arata, Serafino Iacono, Dennis Mills, Suresh Narine, Marino Ostos, Ronald Pantin and Dennis Pieters.\n\nCorentyne Petroleum Prospecting License\n\nAs announced on June 19, 2015, the Company received approval to extend its spud date deadlines on the Corentyne block, offshore Guyana. The Government of Guyana granted approval of the extensions effective June 18, 2015 for the spud date on the first commitment well from October 31, 2015 to July 1, 2016 and an extension to the spud date deadline on the second commitment well from November 27, 2016 to November 27, 2017.  The Company is currently in discussions with the Government of Guyana with respect to a further extension of the first exploration well from July 1, 2016 to July 1, 2018.\n\nProfessor Suresh Narine, Co-Chairman of the Company, commented: \"The Company deeply appreciates the continued co-operation and support of the Government of Guyana in its willingness to work collaboratively with CGX Energy, particularly in light of sustained depressed international oil prices.\"\n\nExxon Discovery\n\nOn Thursday June 30, 2016, Exxon Mobil Corporation announced the drilling results from the Liza-2 well, the secon...