Atlantic Margin Exploration Landscape
CGX Work Commitments on PPLs
cgx
energy inc
Restrictions due to COVID-19 have severely impaired the freedom to operate in Guyana
for CGX and its Partner.
As a result, the Company is in discussions with the Government of Guyana on
modifications to its Work Commitment Timelines.
Deadline
27 November 2019
Corentyne Block
Deliverables
Acquire additional seismic or conduct seismic reprocessing
27 November 2020
27 November 2022
Drill 1st exploration well
Deadline
12 February 2020
12 February 2021
12 February 2023
www.cgxenergy.com
Drill 2nd exploration well
Demerara Block Commitments
Deliverables
Complete any additional data processing and planning and
secure all regulatory approvals for the drilling of an exploration
well
Drill 1st exploration well
Drill 2nd exploration well
Note: Green indicates completed
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