CE THORNTON UPDATE

The talks in Jamaica between Guyana and Suriname over conditions under which the CE Thornton would be allowed to return to the Eagle Prospect have broken down. The Guyana government was not prepared to compromise on its position on the return of the rig to the disputed area. The two sides were unable to agree on wording that would satisfy both sides about how to handle the licensing for oil exploration in the disputed area. CGX is extremely disappointed to report that it will be demobilizing the CE Thornton and its support services from the Guyana/Suriname basin.
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