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CGX obtains order from High Court in Guyana upholding injunction against Repsol


Published Sep 1, 2014
CGX Energy Inc.

CGX Energy Inc. says that CGX Resources Inc., a wholly-owned subsidiary of the Company, obtained an order from the High Court of the Supreme Court of Judicature in Guyana upholding the injunction from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. (Repsol) from proceeding with any proposed farm-out of the Kanuku petroleum prospecting license (the "Kanuku PPL") pending the hearing and determination of the arbitration proceedings commenced by CGX Resources against Repsol.

The Kanuku PPL covers substantially the same acreage as the Georgetown petroleum prospecting licence (the "Georgetown PPL") as illustrated in the map.

Tags: CGX Energy Inc.




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