CGX Energy Files First Quarter Financial Statements
CGX Energy Files First Quarter Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 8, 2024) - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announced today the release of its unaudited Consolidated Financial Statements for the first quarter of 2024, together with its Management, Discussion and Analysis - Quarterly Highlights (the "Financial Disclosures"). These Financial Disclosures will be posted on the Company's website at and on SEDAR at . All values in the Financial Disclosures are in United States dollars unless otherwise stated.
安大略省多倫多--（Newsfile Corp.，2024 年 5 月 8 日）-CGX Energy Inc.（多倫多證券交易所股票代碼：OYL）（”CGX“或者”公司“）今天宣佈發佈其2024年第一季度未經審計的合併財務報表及其管理、討論和分析——季度要點（”財務披露“）。這些財務披露將在公司網站和SEDAR上發佈。除非另有說明，財務披露中的所有價值均以美元爲單位。
Company Updates:
公司更新：
2023 Joint Operating Agreement Amendment Update
2023 年聯合運營協議修正案更新
The Company is the operator of the Corentyne block and currently holds a 27.48% working interest, while Frontera Energy Guyana Corp ("Frontera Guyana") holds the remaining 72.52% interest in the block. The 2023 JOA Amendment (see Press Release dated August 10, 2023) was completed during the fourth quarter of 2023, pending approval from the Government of Guyana.
該公司是Corentyne區塊的運營商，目前持有27.48％的營運權益，而圭亞那弗龍特拉能源公司（”弗龍特拉圭亞那“) 持有該區塊剩餘的72.52％的權益。2023年JOA修正案（見2023年8月10日的新聞稿）已於2023年第四季度完成，尚待圭亞那政府的批准。
According to the final cost of the Wei-1 well, the Company would have the right to receive from Frontera Energy Guyana Corp ("Frontera Guyana") a wholly-owned subsidiary of Frontera Energy Corporation ("Frontera") a reassignment of 0.78% participating interest in the Corentyne block. However, pursuant to that certain Closing Letter dated March 7, 2024 ("Closing Letter") between the Company and Frontera Guyana, the Company has instead agreed to receive from Frontera Guyana (i) the re-assignment of a 0.18% participating interest in the Corentyne block, (ii) $1.5 million cash consideration to cover certain other operating expenses of the Company, and (iii) $0.6 million in settlement of other accounts payable related to the Joint Operations.
根據Wei-1油井的最終成本，該公司將有權從圭亞那弗龍特拉能源公司獲得（”弗龍特拉圭亞那“) 弗龍特拉能源公司的全資子公司（”弗龍特拉“) 重新分配科蘭泰區塊0.78％的參與權益。但是，根據2024年3月7日的某些閉幕信（”閉幕信“）在公司與圭亞那Frontera之間，該公司已同意從圭亞那Frontera（i）重新分配Corentyne區塊0.18％的參與權益，（ii）150萬美元的現金對價以支付公司的某些其他運營費用，以及（iii）60萬美元與聯合業務相關的其他應付賬款的結算。
During April, 2024, the Company received the cash consideration of $1.5 million from Frontera Guyana as part of the 2023 JOA Amendment signed on August 9, 2023.
2024年4月，作爲2023年8月9日簽署的2023年JOA修正案的一部分，公司從圭亞那Frontera收到了150萬美元的現金對價。
Houlihan Lokey Supporting Active Pursuit of Strategic Options for Corentyne Block
Houlihan Lokey 支持積極尋求Corentyne Block的戰略選擇
Houlihan Lokey, a leading global investment bank and capital markets expert, is supporting active pursuit of strategic options for the Corentyne block, including a potential farm down, as it seeks to develop this potentially transformational oil investment in one of the most attractive oil and gas destinations in the world today, Guyana. There can be no guarantee that the review of strategic options will result in a transaction.
全球領先的投資銀行和資本市場專家霍利漢·洛基正在支持Corentyne區塊積極尋求戰略選擇，包括潛在的農場，以尋求在當今世界上最具吸引力的石油和天然氣目的地之一圭亞那開發這種潛在的變革性石油投資。無法保證對戰略選擇的審查會導致交易。
About CGX
關於 CGX
CGX is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana.
CGX是一家總部位於加拿大的石油和天然氣勘探公司，專注於在圭亞那-蘇里南盆地勘探石油，並在圭亞那伯比斯開發深水港。
NEITHER THE TORONTO STOCK EXCHANGE, TSX VENTURE EXCHANGE NOR THEIR REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所、多倫多證券交易所風險投資交易所及其監管服務提供商（該術語在多倫多證券交易所和多倫多證券交易所風險投資交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
Cautionary and Forward-Looking Statements:
警示和前瞻性陳述：
This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that CGX believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration and development plans and objectives with regards to the Kawa-1 or Wei-1 wells or the Berbice deep water port) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of CGX based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the need to obtain any required regulatory approvals; the ability of the Joint Venture to successfully explore and develop offshore blocks, and to fund exploration and development and the impact thereof of unforeseen costs and expenses; changes in equity and debt markets; perceptions of the prospects and the prospects of the oil and gas industry in the countries where the Company operates or has investments; and the other risks disclosed under the heading "Risk and Uncertainties" and elsewhere in the Management's Discussion and Analysis dated March 7, 2024 filed on SEDAR at . Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, CGX disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although CGX believes that the assumptions inherent in the cautionary and forward-looking statements applicable to it are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
本新聞稿包含前瞻性陳述。除歷史事實陳述外，所有涉及CGX認爲、預期或預期未來將發生或可能發生的活動、事件或發展的陳述（包括但不限於有關Kawa-1或Wei-1油井或伯比斯深水港的勘探和開發計劃和目標的陳述）均爲前瞻性陳述。根據CGX目前獲得的信息，這些前瞻性陳述反映了CGX當前的預期或信念。前瞻性陳述存在許多風險和不確定性，這些風險和不確定性可能導致實際業績與前瞻性陳述中討論的結果存在重大差異，即使此類實際業績已實現或基本實現，也無法保證它們會對公司產生預期的後果或影響。可能導致實際結果或事件與當前預期存在重大差異的因素包括：需要獲得任何必要的監管批准；合資企業成功勘探和開發海上區塊以及爲勘探和開發提供資金的能力以及不可預見的成本和開支的影響；股票和債務市場的變化；對公司運營或投資所在國家石油和天然氣行業前景和前景的看法；以及披露的其他風險在 “風險和不確定性” 標題下以及2024年3月7日向SEDAR提交的管理層討論與分析的其他部分，網址爲。任何前瞻性陳述僅代表其發表之日，除非適用的證券法另有要求，否則CGX不承擔任何更新任何前瞻性陳述的意圖或義務，無論是由於新信息、未來事件或業績還是其他原因。儘管CGX認爲適用於其的警示和前瞻性陳述中固有的假設是合理的，但前瞻性陳述並不能保證未來的表現，因此，由於此類陳述固有的不確定性，不應過度依賴此類陳述。
For further information: Please contact Todd Durkee, Vice President, Development, CGX, (832) 300-3200, .
欲了解更多信息：請聯繫CGX開發副總裁託德·德基，（832）300-3200，。
譯文內容由第三人軟體翻譯。