CGX Energy announced that after a meeting today in Georgetown, Guyana with the President of Guyana, His Excellency Bharrat Jagdeo, CGX's President, Kerry Sully stated:
"We were happy to report to the President that CGX is scheduled to drill under the Corentyne license in the second half of next year. The 3D seismic program undertaken by CGX succeeded in delineating a highly promising drilling target and CGX has developed and is now actively advancing its drilling program in Guyana's Corentyne region aimed at multiple targets."
Mr. Sully conveyed "CGX's appreciation of the ongoing support of the President of Guyana and of its government and people."
In the overall update on its exploration and drilling plans Corentyne concession offshore Guyana, CGX Energy reported on the following:
CGX also discussed its projections for exploration activities in its license concessions in Guyana beyond the Corentyne area.
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