CGX announced last week that it has secured funding for its share of the additional Wei-1 well costs. CGX continues with the financial closing of the Wei-1 well and expects final costs to be in US$190-$195mm range. CGX is required to fund its 32% interest, after partner carry, of approximately US$16-17mm. Following the successful completion of Wei-1 well drilling operations the CGX/Frontera (FEC) JV has agreed to amend the agreement originally signed on January 30, 2019 and subsequently amended ....
