CGX Energy Files Second Quarter Financial Statements
CGX Energy Inc. (TSXV: OYL) has released its unaudited Consolidated Financial Statements for the second quarter of 2024, along with its Management, Discussion and Analysis - Quarterly Highlights. These documents are available on the company's website and SEDAR. Key updates include:
1. The Joint Venture (CGX and Frontera Energy Guyana Corp.) is in ongoing discussions with the Government of Guyana regarding the Corentyne block.
2. Strategic options for the Corentyne block are being explored with support from Houlihan Lokey.
3. Progress on the Berbice Deep Water Port (BDWP) includes completed security measures and ongoing construction of a trestle extension and pile driving, expected to be finished by the end of August.
CGX Energy Inc. (TSXV: OYL) ha pubblicato i suoi Bilanci Consolidati non auditati per il secondo trimestre del 2024, insieme al suo Management, Discussione e Analisi - Evidenze Trimestrali. Questi documenti sono disponibili sul sito web della società e su SEDAR. Aggiornamenti chiave includono:
1. La Joint Venture (CGX e Frontera Energy Guyana Corp.) è in discussioni continue con il governo della Guyana riguardo al blocco Corentyne.
2. Opzioni strategiche per il blocco Corentyne sono in fase di esplorazione con il supporto di Houlihan Lokey.
3. I progressi sul Porto di Acque Profonde di Berbice (BDWP) includono misure di sicurezza completate e la costruzione in corso di un'estensione del ponte e delle palancole, con conclusione prevista entro la fine di agosto.
CGX Energy Inc. (TSXV: OYL) ha publicado sus estados financieros consolidados no auditados para el segundo trimestre de 2024, junto con su Gestión, Discusión y Análisis - Resúmenes Trimestrales. Estos documentos están disponibles en el sitio web de la empresa y en SEDAR. Las actualizaciones clave incluyen:
1. La Sociedad de Riesgo Compartido (CGX y Frontera Energy Guyana Corp.) está en conversaciones continuas con el Gobierno de Guyana sobre el bloque Corentyne.
2. Se están explorando opciones estratégicas para el bloque Corentyne con el apoyo de Houlihan Lokey.
3. Los avances en el Puerto de Aguas Profundas de Berbice (BDWP) incluyen la finalización de medidas de seguridad y la construcción en curso de una extensión de travesaño y pilotes, que se espera terminar a finales de agosto.
CGX Energy Inc. (TSXV: OYL)는 2024년 2분기 감사되지 않은 연결 재무제표와 경영진, 논의 및 분석 - 분기 하이라이트를 발표했습니다. 이 문서는 회사 웹사이트와 SEDAR에서 확인할 수 있습니다. 주요 업데이트는 다음과 같습니다:
1. 합작투자(CGX 및 Frontera Energy Guyana Corp.)는 가이아나 정부와 Corentyne 블록에 대한 지속적인 논의를 하고 있습니다.
2. Houlihan Lokey의 지원을 받아 Corentyne 블록에 대한 전략적 옵션을 탐색하고 있습니다.
3. Berbice 심해 항구(BDWP)의 진행 상황에는 보안 조치가 완료되었고 트레슬 연장 및 파일 드라이빙의 건설이 진행 중이며, 8월 말까지 완료될 예정입니다.
CGX Energy Inc. (TSXV: OYL) a publié ses états financiers consolidés non audités pour le deuxième trimestre de 2024, ainsi que sa Gestion, Discussion et Analyse - Points Saillants Trimestriels. Ces documents sont disponibles sur le site Web de l'entreprise et sur SEDAR. Les mises à jour clés comprennent:
1. La coentreprise (CGX et Frontera Energy Guyana Corp.) est en discussions continues avec le gouvernement de la Guyana concernant le bloc Corentyne.
2. Des options stratégiques pour le bloc Corentyne sont en cours d'exploration avec le soutien de Houlihan Lokey.
3. Les progrès réalisés sur le port en eaux profondes de Berbice (BDWP) incluent des mesures de sécurité réalisées et la construction en cours d'une extension de poutrelle et de battage de pieux, qui devraient être terminées d'ici fin août.
CGX Energy Inc. (TSXV: OYL) hat ihre nicht geprüften konsolidierten Finanzberichte für das zweite Quartal 2024 veröffentlicht, zusammen mit dem Management, der Diskussion und der Analyse - Quartalsübersicht. Diese Dokumente sind auf der Webseite des Unternehmens und auf SEDAR verfügbar. Wichtige Updates umfassen:
1. Das Joint Venture (CGX und Frontera Energy Guyana Corp.) befindet sich in fortlaufenden Gesprächen mit der Regierung von Guyana bezüglich des Corentyne Blocks.
2. Strategische Optionen für den Corentyne Block werden mit Unterstützung von Houlihan Lokey geprüft.
3. Fortschritte im Berbice Tiefseehafen (BDWP) umfassen abgeschlossene Sicherheitsmaßnahmen und den laufenden Bau einer Brückenverlängerung sowie das Setzen von Pfählen, das bis Ende August abgeschlossen sein soll.
- Ongoing constructive discussions with the Government of Guyana regarding the Corentyne block
- Engagement of Houlihan Lokey to explore strategic options for the Corentyne block
- Progress in the construction of the Berbice Deep Water Port, with security measures completed and trestle extension underway
- None.
Toronto, 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 Update
CGX 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 plans and objectives with regards to the Kawa-1 or Wei-1 wells or the BDWP) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of CGX based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the need to obtain any required regulatory approvals; the ability of the Joint Venture to successfully explore and develop offshore blocks, and to fund exploration and development and the impact thereof of unforeseen costs and expenses; changes in equity and debt markets; perceptions of the prospects and the prospects of the oil and gas industry in the countries where the Company operates or has investments; and the other risks disclosed under the heading "Risk and Uncertainties" and elsewhere in the Management's Discussion and Analysis dated March 7, 2024, filed on SEDAR at www.sedarplus.ca. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, CGX disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although CGX believes that the assumptions inherent in the cautionary and forward-looking statements applicable to it are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information: Please contact Todd Durkee, Vice President, Development, CGX, (281) 747-9980, www.cgxenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219226
FAQ
What financial statements did CGX Energy (CGXEF) release for Q2 2024?
What is the status of CGX Energy's (CGXEF) Corentyne block as of August 2024?
What progress has CGX Energy (CGXEF) made on the Berbice Deep Water Port as of August 2024?
