CGX Energy Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Daniel Sanchez
- Full Time Employees
- 767
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 333 Bay Street Toronto ON Canada M5H 2R2
- IPO Date
- Oct 21, 2005
- Website
- cgxenergy.com
- Similar Companies
- Business
- CGX Energy Inc. is a Canadian-based oil and gas exploration company focused on the exploration and evaluation of petroleum and natural gas properties in the Guyana-Suriname Basin; it also develops and operates deep-water port infrastructure. The company holds a 27.48% working interest as operator in the Petroleum Prospecting License and Petroleum Agreement for the Corentyne block offshore Guyana, where it pursues oil exploration including the Wei-1 well in the northern region; through its wholly-owned subsidiary Grand Canal Industrial Estates Inc., it owns and operates the Berbice Deep Water Port on the Berbice River, approximately 4.8 kilometers from the Atlantic Ocean, supporting regional logistics and industrial activities. CGX targets offshore hydrocarbon prospects analogous to major plays in West Africa and Brazil, with operations centered in Guyana, South America. Founded in 1997 and headquartered at 333 Bay Street, Suite 2400, Toronto, Ontario, Canada, CGX conducts its exploration activities through subsidiary CGX Resources Inc. and maintains additional subsidiaries including GCIE Holdings Limited and CGX Energy Management Corp. In recent developments, CGX Resources secured a US$2.5 million senior secured loan facility from a subsidiary of joint venture partner Frontera Energy Corporation in November 2025 to fund its share of corporate working capital and budgeted costs related to the Corentyne block; the Berbice Deep Water Port commenced commercial operations in December 2024 following full accreditation. The company recorded a $56.4 million impairment loss on Corentyne exploration assets in Q2 2025 amid disputes with the Government of Guyana over license validity, prompting the joint venture with Frontera to assert contractual rights and consider all options to defend its interests; CGX agreed in 2023 to assign a 4.52% participating interest in the block to Frontera Guyana, pending government approval.
CGX Energy Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933
CGX Energy Files Year-End 2025 Audited Consolidated Financial Statements
CGX Energy Files Third Quarter Financial Statements
CGX Energy Announces US$2.5 Million Loan Agreement
CGX Energy Files Second Quarter Financial Statements, Announces Impairment of the Corentyne Block, and Changes to the Board of Directors
CGX Energy Provides Notice of Second Quarter 2025 Financial Results and Update on Corentyne Block
Frontera Energy & CGX Energy Provide Update on Corentyne Block License
CGX Energy Files First Quarter Financial Statements
Frontera Energy and CGX Energy Provide Update on Corentyne Block License
CGX Energy Files Year-End 2024 Audited Consolidated Financial Statements
CGX Energy Provides Update on Corentyne Block License
CGX Energy Files Third Quarter Financial Statements
CGX Energy Files Second Quarter Financial Statements
CGX Energy Files First Quarter Financial Statements
CGX Energy Files Year-End 2023 Audited Consolidated Financial Statements
CGX Energy Announces Filing of Second Quarter 2023 Financial Statements
CGX Energy: A Fly On The Wall In The Data Room
CGX Energy: More Good News From Guyana
CGX Energy: Corentyne Block, Could Be Sevens Or It Could Be Snake Eyes
What's Going On With CGX, Frontera Energy Shares Today