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

(TSX-V | OYL)

TORONTO, May 1, 2017 /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, 2016, 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, Chairman of CGX Energy and newly appointed its Executive Director, Guyana on April 14, 2017, commented: While the global downturn in petroleum prices has significantly affected the company over the past two years, the de-risking of … Continue Reading

(TSX-V | OYL)

TORONTO, April 17, 2017 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company”) announces the resignation of Mr. Dan Gillet from its Board of Directors.  Mr. Gillet’s resignation is in conjunction with Blackhill Partners ending its mandate at Pacific Exploration & Production Corporation (“Pacific”). Mr. Gillet was employed by Blackhill Partners as part of the recent successful restructuring of Pacific and was appointed to the CGX Energy Board during this process.

The Company also announced the appointment of Mr. Peter Volk as its General Counsel.  Mr. Volk is currently the General Counsel … Continue Reading

TORONTO, Jan. 30, 2017 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company”) announced today that Dr. Dennis Pieters has resigned as a member of the board of directors of the Company, effective January 27, 2017 to pursue other opportunities. The Company has not appointed a replacement for Dr. Pieters at this time.

The Company would like to thank Dr. Pieters for his contribution over the years and wish him success in his future endeavors.

About CGX Energy

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in … Continue Reading

TORONTO, Dec. 21, 2016 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company“) announced today that Messrs. Ronald Pantin, Serafino Iacono, Marino Ostos, and Michael Galego (collectively, the “Pacific Nominees“) have all resigned as members of the board of directors of the Company (the “Board“), effective November 30, 2016. The Company would like to thank the Pacific Nominees for their contributions.

The Company is pleased to announce the appointments of Messrs. Daniel A. Gillett and Erik Lyngberg to the board of directors effective immediately and subject to applicable regulatory approval. Mr. … Continue Reading