11:12 AM EDT, 06/26/2024 (MT Newswires) -- CGX Energy ( CGXEF ) and Frontera Energy Corporation ( FECCF ) , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, said Wednesday they submitted a Notice of Potential Commercial Interest for the Wei-1 discovery to the Guyana government, to preserve the joint venture's (JV) interests.

Last year, the JV drilled the Wei-1 well, its second on the Corentyne block, fulfilling its obligation under Phase Two of the Second Renewal Period of the original 10-year License. It also served as an appraisal well for the Kawa-1 Appraisal Program with the Guyana authorities.

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