Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Dennis Mills was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
CGX Energy Inc., Annual General Meeting, Dec 05, 2025 CGX Energy Inc., Annual General Meeting, Dec 05, 2025. Announcement • Aug 16
Frontera Energy Corporation Announces Changes to CGX Energy Inc. Board Frontera Energy Corporation announced that two officers of the Company have joined the board of directors of CGX Energy Inc., and that Gabriel de Alba, director and Co-chairman of CGX, has resigned from the CGX Board. As a result, the CGX Board includes three officers of the Company, namely, Orlando Cabrales (Chairman of the CGX Board), Alejandra Bonilla, and René Burgos Díaz. Announcement • Aug 01
CGX Energy Inc. to Report Q2, 2025 Results on Aug 13, 2025 CGX Energy Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mark Zoback was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 18
CGX Energy Inc., Annual General Meeting, Aug 30, 2024 CGX Energy Inc., Annual General Meeting, Aug 30, 2024. New Risk • Mar 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$5.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.6m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€75.7m market cap, or US$82.8m). Buying Opportunity • Nov 14
Now 49% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be €0.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Nov 11
Cgx Energy Inc. and Frontera Energy Corporation Announces the Discovery of Total of 114 Feet (35 Meters) of Net Pay At the Wei-1 Well on the Corentyne Block CGX Energy Inc. and Frontera Energy Corporation announce the discovery of a total of 114 feet (35 meters) of net pay at the Wei-1 well on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. The Joint Venture believes that the rock quality discovered in the Maastrichtian horizon in the Wei-1 well is analogous to that reported in the Liza Discovery on Stabroek block. Results further demonstrate the potential for a standalone shallow oil resource development across the Corentyne block. The Joint Venture also announces that Houlihan Lokey, a leading global investment bank and capital markets expert, is supporting active pursuit of strategic options for the Corentyne block, including a potential farm down, as it seeks to develop this potentially transformational oil investment in one of the most attractive oil and gas destinations in the world today, Guyana. There can be no guarantee that the review of strategic options will result in a transaction. The Wei-1 well, located approximately 14 kilometres northwest of the Joint Venture's previous Kawa-1discovery, was safely drilled by the NobleCorp Discoverer semi-submersible mobile drilling unit in water depth of approximately 1,912 feet (583 metres) to a total depth of 20,450 feet (6,233 meters). The Wei-1 well targeted Maastrichtian, Campanian and Santonian aged stacked sands within channel and fan complexes in the northern section of the Corentyne block. As reported on June 28, 2023, the Joint Venture's data acquisition program at the Wei-1 well included wireline logging, MDT fluid samples and sidewall coring throughout thevarious intervals. Announcement • Jun 29
CGX Energy Inc. and Frontera Energy Corporation Discover Oil At the Wei-1 Well CGX Energy Inc. and Frontera Energy Corporation announced that the Joint Venture has discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. The Joint Venture has successfully finished drilling operations without any safety incidents and expects to release the drilling rig in early July 2023. The Wei-1 well encountered 210 feet of hydrocarbon bearing sands in the Santonian horizon. The Joint Venture acquired wireline logs and extensive core samples from the Santonian, however, due to a tool failure downhole and a new tool not being available, oil samples were not obtained. The rock and fluid properties of the Santonian will now be analyzed by an independent third-party laboratory over the next 2- 3 months to define net pay and a basis for the evaluation of this interval. The Joint Venture has updated its previously announced discovery in the Maastrichtian and the Campanian intervals to 77 feet of net pay. Fluid samples were retrieved from the Campanian and Maastrichtian indicating the presence of light crude in the Campanian and sweet medium crude oil in the Maastrichtian. The Joint Venture's data acquisition program included wireline logging, MDT fluid samples and sidewall cores throughout the various intervals. Over the next few months, results will be integrated into the geologic and geophysical models to form an updated view of the entire northern portion of the Corentyne block. The northern portion of the Corentyne block includes the channel complexes discovered by the Kawa-1 and Wei-1 wells, and a prospective central channel complex, which is yet to be evaluated. The Joint Venture is excited by the definitive presence of oil in the Maastrichtian and Campanian and the presence of hydrocarbons in the Santonian and believes there is significant potential in the block. Announcement • Jun 18
CGX Energy Inc., Annual General Meeting, Aug 31, 2023 CGX Energy Inc., Annual General Meeting, Aug 31, 2023. Announcement • Jan 24
CGX Energy Inc. and Frontera Energy Corporation Spuds the Wei-1 Well, on the Corentyne Block, Approximately 200 Kilometres Offshore from Georgetown, Guyana CGX Energy Inc. and Frontera Energy Corporation, joint venture partners announced that the Joint Venture has spud the Wei-1 well, on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana. The Joint Venture also announced that the Government of Guyana has approved an Appraisal Plan for the northern section of the Corentyne block which commenced with the Wei-1 well. Following completion of Wei-1 drilling operations and upon detailed analysis of the results, the Joint Venture may consider future wells per its appraisal program to evaluate possible development feasibility in the Kawa-1 discovery area and throughout the northern section of the Corentyne block. Any future drilling is contingent on positive results at Wei-1 and the Joint Venture has no further drilling obligations beyond the Wei-1 well. The Wei-1 well is located approximately 14 kilometres northwest of the Joint Venture's previous Kawa-1 light oil and condensate discovery and will be drilled in water depth of approximately 1,912 feet (583 metres) to an anticipated total depth of 20,500 feet (6,248 metres). The Wei-1 well will target Maastrichtian, Campanian and Santonian aged stacked sands within channel and fan complexes in the northern section of the Corentyne block. The well is expected to take approximately 4-5 months to reach total depth. Recent Insider Transactions • Oct 20
CFO & Corporate Secretary recently sold €89k worth of stock On the 13th of October, Tralisa Maraj sold around 85k shares on-market at roughly €1.04 per share. This was the largest sale by an insider in the last 3 months. This was Tralisa's only on-market trade for the last 12 months. Is New 90 Day High Low • Feb 21
New 90-day high: €0.80 The company is up 201% from its price of €0.26 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 33% over the same period. Is New 90 Day High Low • Feb 06
New 90-day high: €0.36 The company is up 55% from its price of €0.23 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 34% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €0.33 The company is up 7.0% from its price of €0.30 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 20% over the same period. 
