Brief: CGX energy provides operational update

CGX Energy

19/10/2016 03:03

Oct 19 (Reuters) - Cgx Energy Inc  OYL.V : 
    * CGX energy provides operational update 
    * CGX energy provides operational update 
    * Term sheet was amended to extend exclusivity period until 
August 20, 2016. 
    * Following expiry of exclusivity period, company lost 
confidence in certain counter parties to term sheet for several 
reasons 
    * "After subsequent discussions, parties agreed not to enter 
into a definitive agreement at this time" 
    * Seeking a new partner to help in development of its 
Berbice port project 
    * Company is now actively seeking a new partner to help in 
development of its Berbice port project. 
 
    Source text for Eikon:  ID:nCNW9xDg4a  
    Further company coverage:  OYL.V  
 
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