CGX Energy Inc.
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- CGX Energy Inc. (TSX-V:OYL) is a Toronto-based oil and gas exploration company founded in 1997 and headquartered at 333 Bay Street, Suite 2400, Toronto, Ontario, that focuses on exploring and evaluating petroleum and natural gas properties in the Guyana-Suriname Basin in South America; it holds a 27.48% working interest as operator of the Corentyne block offshore Guyana, encompassing the Wei-1 exploration well west of the Kawa-1 discovery in the northern region, and develops the Berbice Deep Water Port project on the Berbice River in Guyana to support regional oil export infrastructure. The company operates through subsidiaries including CGX Resources Inc., GCIE Holdings Limited, and CGX Energy Management Corp., targeting high-potential offshore acreage in the prospective Guyana Basin with a workforce of 47 employees. In recent developments, CGX Resources secured a US$2.5 million senior secured loan facility from joint venture partner Frontera Energy Corporation (TSX:FEC) in November 2025, drawing down US$1.9 million by early December 2025 to fund its share of Corentyne block corporate working capital and budgeted costs amid ongoing license disputes with the Government of Guyana, which declared the prospecting license ended while the joint venture asserts its legal rights; the loan features 19.32% annual interest, tranche drawdowns up to six months, and a one-year maturity, exempt from minority shareholder approval under related party transaction rules.
Company News
CGX Energy Files June 30, 2026 Financial Statements and Announces Changes to the Board of Directors
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