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Fiscal Regime

Guyana initiated a new top-quartile fiscal regime to encourage exploration. After commercial production begins, the Licencee is allowed to recover all capital and operating costs from "cost oil,’ which for the first three years is up to 75% of production and thereafter up to 65% of production. The Licencee share of the remaining production or "profit oil," for the first five years is 50% of the first 40,000 barrels of oil/day and 47% for additional production; and thereafter 45% in full satisfaction of all income taxes and royalties. Using full-cycle economics, including recovery of capital and operating costs, the Licencee’s share of gross revenue is estimated to be 63%.


Mar 12, 2015

CGX Energy Announces Final Issuance of C...

Dec 19, 2014

CGX Energy Provides a Year-End Operation...


Mar 13, 2015

Corporate Presentation - March 2015

Nov 24, 2014

Corporate Presentation - November 2014

CGX at a Glance