BLOCK(SQ) Newsfile·2025-02-25 02:06Core Viewpoint - CGX Energy Inc. and Frontera Energy Corporation, as joint venture partners, assert the validity of their Petroleum Prospecting License for the Corentyne block offshore Guyana despite the Government's contradictory positions and purported termination of the License [1][2][3]. Group 1: License and Agreement Status - The Joint Venture has communicated to the Government that the License and the Petroleum Agreement remain valid and in force [2]. - The Joint Venture contests the Government's claims regarding the termination of the License and the grounds for such termination [2][3]. - The Joint Venture maintains that its interests in the Corentyne block are intact and the Petroleum Agreement has not been terminated [3]. Group 2: Future Actions and Investments - The Joint Venture is exploring all legal options to assert its rights concerning the License and the Petroleum Agreement [3]. - The Joint Venture aims to resolve the matter expeditiously and continue its investments to create value for both the people of Guyana and its shareholders [4]. Group 3: Company Overview - CGX Energy is a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana [5].