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.

Guyana's government has cancelled the Frontera and CGX Energy joint venture's prospecting license for the Corentyne block, the companies said on Thursday.

Guyana’s government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The writing had been on the wall since ...

The Joint Venture looks forward to expeditiously resolving this matter and continuing its multi-year efforts and investments to realize value for the people of Guyana and its shareholders from the ...

In February, the South American nation gave a 30-day notice to CGX and Frontera for cancellation of the license. The Corentyne block was seen as a key effort to diversify Guyana's oil industry ...

March 13, 2025) - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") announced today that the joint venture (the "Joint Venture"), which was established ...

The Guyanese government gave Frontera and CGX Energy, the joint operators that hold the license, a 30-day cancellation notice over unmet contract obligations. The Corentyne block was seen as a key ...