CGX and Fronteraâs agreement over the latterâs 33.3% farmin to the Corentyne (6,234 sq km) + Demerara (3,977 sq km) shallow-water blocks has been approved by the authorities. CGX retains operatorship.
Frontera Energy has signed an agreement (33,33%) to farm into Corentyne and Demerara shallow-water blocks held and operated by CGX Energy (->66,67%), and pay out a US$33,3 MM signing bonus to the CGX.