CGX Energy (TSE:OYL) has released an update.
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CGX Energy Inc. has disclosed its unaudited financial statements and related discussion for Q1 2024, revealing amendments to a joint operating agreement with Frontera Guyana, which includes a minor interest reassignment and financial considerations totaling $2.1 million. The company is also actively exploring strategic options for its Corentyne block in Guyana, with investment bank Houlihan Lokey’s support, although the outcome of these endeavors is not guaranteed.
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