A week after Canadian oil explorer CGX Energy Inc said that its management had determined that exploration drilling on the Corentyne Block offshore Guyana would not be prudent, the firm says that it is fully committed to drilling on the Corentyne Block by July 31 next year.
“We wish to confirm that CGX Energy sought and obtained an extension from the Government of Guyana to its drilling activities on the Corentyne Block so as to further assess the prospects on this block in light of the Exxon-Mobil Liza-1 discovery in the adjacent Stabroek Block
