Last Price

0.21

Change

-0.01

Open Price

0.21

Volume

3,726

Prev. Close

0.215

Fiscal Regime

Guyana initiated a new top-quartile fiscal regime to encourage exploration. After commercial production begins, the Licencee is allowed to recover all capital and operating costs from "cost oil,’ which for the first three years is up to 75% of production and thereafter up to 65% of production. The Licencee share of the remaining production or "profit oil," for the first five years is 50% of the first 40,000 barrels of oil/day and 47% for additional production; and thereafter 45% in full satisfaction of all income taxes and royalties. Using full-cycle economics, including recovery of capital and operating costs, the Licencee’s share of gross revenue is estimated to be 63%.

News

Mar 05, 2014

CGX Energy Files Year-End Audited Financ...

Feb 25, 2014

CGX Energy Announces Rig Share MOU with ...

Presentations

Mar 12, 2014

Corporate Presentation

Feb 12, 2014

Corporate Presentation

CGX at a Glance