CGX Changes CEO, Provides Results of Eagle-1 Well Offshore Guyana

By MT Newswires,  May 07, 2012, 03:36:40 PM EDT

CGX Energy Inc. (OYL.V) announced that effective May 4, 2012, Stephen Hermeston is no longer President and CEO. Kerry Sully has been appointed as acting President and Chief Executive Officer with immediate effect. Sully was the President and Chief Executive Officer of CGX from 1998 until June 2011 when he was appointed Executive Chairman of the Company. He has over 40 years of industry experience. The company has initiated a search for a new permanent President and CEO.

CGX also announced the results of the drilling of the Eagle-1 well on the company's 100% owned and operated Corentyne Petroleum Prospecting License, offshore Guyana.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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