Offshore Guyana, Corentyne, Demara & Berbice

CGX Resources Inc., a wholly-owned subsidiary of CGX Energy Inc. (TSXV: OYL), is seeking a joint-venture partner for its Corentyne, Demerara and Berbice Petroleum Prospecting Licenses located offshore and onshore Guyana in the Guyana-Suriname Basin. CGX’s licenses provide a unique opportunity to explore and develop a frontier basin within a proven petroleum system that has significant hydrocarbon potential. The Company’s licenses are in between producing oil fields like Calcutta and Tambaredjo (Suriname) to the East and the prolific oil/gas fields of Trinidad to the West. The Guyana-Suriname Basin is currently being explored by many major and independent oil companies such as Exxon, Shell, Tullow, Kosmos and Repsol.

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