Toronto, Ontario–(Newsfile Corp. – May 5, 2021) – CGX Energy Inc. (TSXV: OYL) (“CGX Energy” or the “Company”) announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2021, together with its Management, Discussion and Analysis – Quarterly Highlights (“MD&A”). These documents will be posted on the Company’s website at www.cgxenergy.com and SEDAR at www.sedar.com. All values in this news release and the Company’s financial disclosures are in United States dollars unless otherwise stated.
Gabriel de Alba, Co-Chairman of CGX Energy, commented: “CGX’s technical and operational team maintained the momentum of its exploration program during the first quarter and into the spring, while the Company secured additional funds to fully exploit the unique opportunities in the Corentyne, Demerara and Berbice blocks in Guyana, home to one of the world’s most promising energy basins. The additional funds have also allowed CGX to advance work on the other strategic component of its work in Guyana; the Berbice Deep Water Port, which will serve the basin’s rapidly expanding offshore exploration activities.