Brief: CGX Energy And Frontera Announce Strategic Guyana Joint Venture Agreement

CGX Energy

05/12/2018 03:23

Dec 4 (Reuters) - CGX Energy Inc  OYL.V : 
    * CGX ENERGY AND FRONTERA ANNOUNCE STRATEGIC GUYANA JOINT
VENTURE
AGREEMENT
    * CGX ENERGY- ENTERED INTO LETTER AGREEMENT WITH FRONTERA TO
ENABLE CO TO FINANCE DRILLING COSTS RELATED TO 2 SHALLOW WATER
OFFSHORE BLOCKS IN GUYANA
    * CGX ENERGY - UPON COMPLETION OF AGREEMENT, FRONTERA WILL
ACQUIRE
A 33.33% WORKING INTEREST IN TWO BLOCKS IN EXCHANGE FOR A
US$33.3 MILLION SIGNING BONUS
    * CGX ENERGY - CGX WOULD BE OPERATOR WITH ASSISTANCE FROM
FRONTERA

Source text for Eikon:  ID:nPn2nF9Gka 
Further company coverage:  FEC.TO 

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