September 19, 2007

UN Decision on Guyana / Suriname Border to be Delivered on September 20th

Toronto , Ontario - CGX Energy Inc. (OYL.U - TSX-V) announces that the Guyana Information News Agency has announced that the boundary between Guyana and Suriname will be made public on Thursday, September 20th at 4 pm ET.

According to a release from the Ministry, the Court of Arbitration is the Registry of the Tribunal that was requested to delimit definitively the boundary between the two countries.

The members of the Arbitral Tribunal include Judge Dolliver Nelson, President, Professor Thomas Franck, Dr. Kamal Hossain, Professor Ivan Shearer and Professor Hans Smit.

Sir Shridath Ramphal headed Guyana 's legal team.

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana . CGX is managed by a team of experienced oil and gas and finance professionals from Canada , U.S.A. and the UK . CGX is financed internationally and has thousands of shareholders worldwide.

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