CGX Energy Provides Operational Update

(TSX-V | OYL) 
TORONTO, Aug. 18, 2014 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or 
the "Company") today provided an operational update on its exploration assets 
in Guyana. 
Helicopter services contract 
CGX Energy is pleased to announce that it has entered into a definitive 
agreement for the provision of helicopter services for use in the drilling of 
its first commitment well on its Corentyne Block scheduled to be spudded 
before October 31, 2015.  Under the terms of the agreement, the Company has 
procured the services of Bristow Helicopters (International) Limited, a 
corporation organized and acting under the laws of England and having its 
registered office in England. 
Shallow Hazard survey completion 
Additionally, CGX has completed a shallow hazard survey in order to acquire 
seabed conditions and drilling hazard information surrounding the location of 
its first commitment well on the Corentyne Block.  The survey, performed by 
the M/V Sea Surveyor of Guardline Marine Sciences (South America) Ltd., 
comprised an area of 3.5km x 4.5km.  Soil boring samples will be taken in 
October 2014 to predict leg penetration for the HAKURYU-12 jack-up drilling 
rig. 
About CGX Energy 
CGX Energy is a Canadian-based oil and gas exploration company focused on the 
exploration of oil in the Guyana-Suriname Basin. 
About Bristow: 
Bristow Group Inc., based in Houston, Texas, is the leading provider of 
helicopter services to the worldwide offshore energy industry based on the 
number of aircraft operated, and one of two helicopter service providers to 
the offshore energy industry with global operations. Bristow has proudly 
served the offshore oil transport industry in major exploration and production 
arenas for more than 50 years and has been responsible for many 
industry-leading technological innovations. 
Bristow currently has major helicopter transportation operations in the North 
Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major 
offshore oil and gas producing regions of the world, including Australia, 
Brazil, Canada, Mexico, Russia and Trinidad. 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT 
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS 
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE 
Forward-Looking Statements: 
This news release contains forward-looking statements. Forward-looking 
statements are frequently characterized by words such as "plan", "expect", 
"project", "intend", "believe", anticipate", "estimate", "may", "will", 
"would", "potential", "proposed" and other similar words, or statements that 
certain events or conditions "may" or "will" occur in the future. These 
forward-looking statements are based on certain key expectations and 
assumptions made by CGX Energy. CGX Energy believes the expectations and 
assumptions on which it develops forward-looking statements are reasonable; 
however, undue reliance should not be placed on forward-looking statements as 
there can be no assurance they will prove to be correct. Since forward-looking 
statements address future events and conditions, by their very nature they 
involve inherent risks and uncertainties. Actual results could differ 
materially from those currently anticipated due to a number of factors and 
risks. In addition, other risks that may affect the forward-looking statements 
in this news release are outlined further in the Company's Annual Information 
Form dated March 5, 2014 filed on SEDAR at www.sedar.com. 
The forward-looking statements contained in this news release are made as of 
the date hereof and CGX Energy undertakes no obligation to update publicly or 
revise any forward-looking statements or information, whether as a result of 
new information, future events or otherwise, unless so required by applicable 
securities laws.
 

SOURCE  CGX Energy Inc. 
Michael Galego, General Counsel and Secretary at (416) 843-3858 
ormgalego@cgxenergy.com 
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http://www.newswire.ca/en/releases/archive/August2014/18/c7393.html 
CO: CGX Energy Inc.
ST: Ontario
NI: FIELD  
-0- Aug/18/2014 16:09 GMT
 
 
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