TORONTO, March 14, 2019 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX” or the “Corporation“) is pleased to announce that it has completed its previously announced rights offering (the “Offering“). Pursuant to the Offering, the Corporation issued to holders of its outstanding common shares (the “Common Shares“) of record as at the close of business on February 11, 2019 an aggregate of 116,102,318 transferable rights (each, a “Right“) to subscribe for, until 5:00 p.m. (Toronto time) on March 12, 2019 (the “Expiry Date“), an aggregate of 116,102,318 Common Shares. Each Right entitled the holder thereof to subscribe for … Continue Reading

TORONTO, Feb. 1, 2019 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX” or the “Corporation“) announced today that it will be offering rights (each, a “Right“) to holders of its common shares ( “Common Shares“) at the close of business on the record date of February 11, 2019, on the basis of one (1) Right for each Common Share held (the “Rights Offering“). Each one (1) Right will entitle the holder to subscribe for one (1) Common Share upon payment of the subscription price of C$0.25 (the “Basic Subscription Privilege“). There are currently 116,102,318 Common Shares issued and … Continue Reading

TORONTO, April 6, 2018 /CNW/ – CGX Energy Inc. (“CGX Energy” or the “Company“) announced today the release of its audited consolidated financial results for the year ended December 31, 2017, together with its Management Discussion and Analysis. These documents will be posted on the Company’s website at www.cgxenergy.com and SEDAR at www.sedar.com.

Professor Suresh Narine, Executive Chairman and Executive Director (Guyana) of CGX Energy commented: “2017 has been a pivotal year for the Company, witnessing the renegotiation of its workplans and renewal of its licenses.  During this period, the Company, supported by its … Continue Reading

TORONTO, March 2, 2018 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company“) announced today the appointment of Drilling Engineer Michael (Mike) P. Stockinger as Project Operations Manager, who will be in charge of designing the company’s next offshore exploration well on the Corentyne Block offshore Guyana. Executive Chairman, Professor Suresh Narine said “we are delighted that Mike Stockinger has rejoined the company as our Drilling Engineer. Mike brings 40 years of experience in the oil and gas business specializing in drilling, completions, and production engineering and operations. He is also no stranger to CGX … Continue Reading

TORONTO, Jan. 10, 2018 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company“) announces that it has accepted Mr. Dewi Jones’ resignation as Chief Executive Officer of the Company, effective January 8, 2018.

Professor Suresh Narine, Chairman and Executive Director (Guyana) commented: “The Company would like to thank Mr. Jones for his contribution over the years and wish him success in his future endeavours.”

Professor Narine will act in the capacity of Executive Chairman of the Company for the foreseeable future.

About CGX Energy:

CGX Energy is a Canadian-based oil and … Continue Reading

TORONTO, Dec. 18, 2017 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX” or the “Company“) announces that it has successfully renegotiated its work commitments for the Demerara, Corentyne and Berbice Petroleum Prospecting Licenses with the Government of Guyana. As part of the renegotiation, the Company has also agreed to relinquish 25% of the acreage of both the Corentyne and Demerara blocks to the Government of Guyana. 

The new work commitments are:

Corentyne Block

(TSX-V | OYL)

TORONTO, June 1, 2017 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company“) annual and special meeting of shareholders was held on Thursday June 1, 2017, where each of the three nominees proposed as directors pursuant to the Company’s management proxy circular dated May 11, 2017 were elected as directors. The directors achieved an average approval vote of 92% from shareholders. The detailed results of the vote are set out below:

Nominee

Outcome of Vote

Voted

Voted (%)

Erik Lyngberg

Approved

68,210,344 Voted

97,450 Withheld

99.86%

0.14%

Dennis Mills

Approved

68,203,644 … Continue Reading