CGX investing US$92M more in offshore wells

Newly-installed Canadian High Commissioner to Guyana David Devine has announced that CGX Energy Inc will finance an additional US$92M for its share of the expected costs for two wells offshore Guyana.

CGX has a 25% interest in the Jaguar-1 well and it is also drilling the Eagle-1 well on its 100%-owned Corentyne Licence.

Devine, according to the Government Information Agency (GINA), spoke of the arrangements at a