Business
CGX Energy Files Second Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - CGX Energy Inc. (TSXV: OYL) (" CGX " or the...
About this update from Cgx Energy Inc.
[{"type":"text","content":"CGX Energy Files Second Quarter Financial StatementsToronto, Ontario--(Newsfile Corp. - August 7, 2024) - CGX Energy Inc. (TSXV: OYL) (\"CGX\" or the \"Company\") announced today the release of its unaudited Consolidated Financial Statements for the second quarter of 2024, together with its Management, Discussion and Analysis - Quarterly Highlights (the \"Financial Disclosures\"). These Financial Disclosures will be posted on the Company's website at www.cgxenergy.com and on SEDAR at www.sedarplus.ca. All values in the Financial Disclosures are in United States dollars unless otherwise stated.Company Updates: Corentyne License UpdateCGX and Frontera Energy Guyana Corp. joint venture partners (the \"Joint Venture\") and the Government of Guyana have engaged in regular, constructive and collaborative conversations throughout the Joint Venture's tenure on the Corentyne block, including discussions regarding conditions and timing under which further activities could be performed by the Joint Venture in the Corentyne block. The Joint Venture, with support from investment bank and capital markets experts Houlihan Lokey, continues to actively pursue strategic options to unlock the potential of the Corentyne block. Berbice Deep Water Port Update (\"BDWP\")The Company completed in June, construction of a security fence and installation of surveillance cameras. Construction of a trestle extension as well as driving piles for fendering and mooring to aid in bringing vessels alongside commenced in early July with completion expected by end August.About CGX CGX is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana.NEITHER THE TORONTO STOCK EXCHANGE, TSX VENTURE EXCHANGE NOR THEIR REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Cautionary and Forward-Looking Statements:This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that CGX believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration and development ...