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Toronto, Ontario (Newsfile Corp. - February 16, 2021) - CGX Energy Inc. (TSXV: OYL) ( CGX Energy or the Company ) and its joint-venture partner Frontera Energy Corporation (TSX: FEC), are pleased to announce the completion of an independent Prospective Resource study and report (the Resource Report ) in respect of the Corentyne North Area, Corentyne Main Area and Demerara Block, offshore Guyana. The Company also disclosed the successful renegotiation of the Joint Venture s work commitments with respect to its Petroleum Prospecting License ( PPL ) for the Demerara block offshore Guyana and the Company s Berbice block onshore Guyana. Gabriel de Alba, Co-Chairman of the Board of Directors, commented:
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