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CGX Energy announces successful injunction against Repsol


Published Jan 23, 2014
CGX Energy Inc.

CGX Energy Inc. announced that its wholly-owned subsidiary, CGX Resources Inc., obtained an injunction order from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. from proceeding with the 30% farm-out of the Kanuku petroleum prospecting license to RWE Dea AG pending the hearing and determination of the arbitration proceedings commenced by CGX Resources against Repsol.

On December 23, 2013, CGX Energy announced the commencement of an arbitration proceeding under the rules of the London Court of International Arbitration against Repsol in connection with the expiry of the petroleum prospecting license covering the Georgetown Block.

Tags: CGX Energy Inc.




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