CGX Energy has secured a US$35 million loan to continue to finance part of its share of costs for petroleum-related activities on the Corentyne Block offshore Guyana.
Frontera Energy Corporation and CGX Energy Inc. on Friday announced that they have entered into a financing agreement for a US$35 million loan that will enable CGX to continue to finance exploration activities on the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with Frontera.