BRIEF-CGX energy provides operational update

Wed Oct 19, 2016 5:42am EDT
 
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Oct 19 (Reuters) - Cgx Energy Inc :

* CGX energy provides operational update

* CGX energy provides operational update

* Term sheet was amended to extend exclusivity period until August 20, 2016.

* Following expiry of exclusivity period, company lost confidence in certain counter parties to term sheet for several reasons

* "After subsequent discussions, parties agreed not to enter into a definitive agreement at this time"

* Seeking a new partner to help in development of its Berbice port project

* Company is now actively seeking a new partner to help in development of its Berbice port project.

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