Core Insights - CGX Energy Inc. has released its unaudited consolidated financial statements and Management Discussion and Analysis for Q3 2025, highlighting key financial activities and ongoing disputes with the Government of Guyana [1] Financial Highlights - The company entered into a Senior Secured Loan Facility for $2.5 million with Frontera Energy Corporation to fund corporate working capital and other expenditures, with a repayment term of one year and an interest rate of 19.32% per annum [2][3] - As of November 5, 2025, CGX has drawn down $1.9 million under this loan [3] License and Regulatory Updates - The Joint Venture, consisting of CGX and Frontera, maintains that its interests in the Corentyne block are valid despite the Government of Guyana's assertion that these interests expired on June 28, 2024 [6] - The Government of Guyana has proposed a meeting to discuss ongoing disputes, indicating a willingness to engage in negotiations [5] - The Joint Venture has recognized an impairment of $56.4 million related to the Corentyne Exploration and Evaluation asset, reducing its carrying value to $Nil as of September 30, 2025 [7] Joint Venture Structure - The Joint Venture holds a 100% working interest in the Corentyne block, with CGX Resources Inc. and Frontera Guyana having respective participating interests of 72.52% and 27.48% [8]