‘CGX WILL NOT PLAY US’

CGX Energy Inc. and the Frontera Energy Corporation, joint venture partners in the Corentyne Block offshore Guyana, hope for more time to evaluate oil prospects but the country’s Vice President Dr. Bharrat Jagdeo remains wary. CGX only holds a small portion of the Corentyne Block because it relinquished much of the block in keeping with its exploration agreement with the government. Last year, however, CGX found oil at its Wei-1 well. That well is located 14 kilometres west of the Kawa-1 discovery in the block. In January 2022, CGX and Frontera found oil at the Kawa-1 well but decided to focus on Wei-1.

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You are played already.