CGX Welcomes New Board Member

CGX announced that Mr. David Christian has been appointed to the Company's Board of Directors.

Mr. Christian has had an impressive 30-year career in the international E&P industry. He is a lawyer registered with the Texas and Oklahoma Bar Associations, providing strategic and operational consulting for domestic and international petroleum Companies. Until its takeover in 2006, he was the Vice President, Land and Negotiations for Kerr-McGee Oil & Gas Corporation. With the American Petroleum Institute, he has been a member of the Executive Committee for Exploration Access; with the American Association of Professional Landmen he has been a member of the Outer Continental Shelf Committee; and with the Association of International Petroleum Negotiators, a member of its Board of Directors. Mr. Christian graduated with a Bachelor of Science in Mechanical Engineering from the Arizona State University and a Juris Doctorate from the University of Tulsa.

"David's knowledge as a lawyer and experience as an officer of a major international oil and gas company will be invaluable in guiding our management team in our interactions with industry partners and our host government in Guyana. We look forward to his participation on our Board," stated Kerry Sully, Chairman of CGX.

"I am extremely pleased to join the Board of CGX. CGX has an exciting portfolio of oil and gas opportunities and I look forward to contributing to the success of the Company," said David.