CGX Energy Inc, the holder of multiple oil and gas exploration licences in the Guyana-Suriname Basin, is seeking more funding for its drilling pursuits at the Kawa-1 exploration well, where, it says, more protracted operations are expected to push costs up.
The Kawa Well is located in the Corentyne Block where CGX is operating alongside its joint venture partner, the Canadian company, Frontera Energy, a petroleum exploration and production company in the business of heavy crude oil and natural gas. Frontera is the majority shareholder in the Petroleum Prospecting Licences for the Corentyne block.
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