CGX Energy (TSE:OYL) has released an update.
CGX Energy and Frontera Energy Corporation have announced their submission of a Notice of Potential Commercial Interest to the Government of Guyana for the Wei-1 well discovery in the Corentyne block, offshore Guyana. The well met the obligations of the current license phase and is part of the ongoing Kawa-1 Appraisal Programme. The companies, with advisory support from Houlihan Lokey, are actively exploring strategic options to develop the potential of the Corentyne block.
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