Canada’s CGX Energy and Frontera Energy, the Joint Venture announces discovery of an oil and gas reservoir off the coast of Guyana at the Kawa-1 well, in the Corentyne Block. The drilling on a second well is likely to begin later this year.CGX is currently assessing several strategic opportunities to obtain additional financing to meet the costs of the longer than expected drilling program.
Read the original article here: https://www.reuters.com/business/energy/canadas-cgx-energy-reports-oil-gas-discovery-off-guyana-coast-2022-02-01/