Frontera Energy & CGX Energy Provide Update on Corentyne Block License
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
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Source: Yahoo Finance
Update on Corentyne Block License: Frontera Energy Corporation and CGX Energy Inc. reported that the Government of Guyana rejected their claims regarding the Corentyne block license, asserting that the Joint Venture's interest expired in June 2024, while the Joint Venture maintains its rights to the license.
Future Negotiations: Despite the expiration of the consultation period, the Joint Venture is open to resolving issues amicably with the Government of Guyana and is prepared to assert its legal rights if necessary, with a potential meeting scheduled for October 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
