- CGX Energy’s (OYL) CFO George Davis has stepped down for personal reasons effective immediately
- Daniel Sanchez, Head of Corporate Consolidation and Reporting at Frontera Energy (FEC), has assumed the role
- Sanchez is a seasoned financial executive with over 18 years of experience
- He has also spent over 12 years in the oil and gas industry
- CGX is focused on oil exploration in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana
- CGX Energy (OYL) is unchanged trading at $0.84 per share
CGX Energy’s (OYL) CFO George Davis has stepped down for personal reasons effective immediately.
Daniel Sanchez, Head of Corporate Consolidation and Reporting at Frontera Energy (FEC), has stepped in to fill the role.
Sanchez brings over 18 years of experience in accounting and financial activities, including consolidation of financial statements, financial reporting to the TSX, audit processes, and internal control and business process analysis. Sanchez also has over 12 years of experience in the oil and gas industry.
Sanchez joined Frontera in 2010 and has contributed to CGX and Frontera’s consolidation and reporting efforts. From 2006 to 2010, he was a senior auditor with Ernst & Young. From 2004 to 2006, he worked with assurance, tax, accounting, consulting and transaction advisory at Grant Thornton.
“We are very pleased to have Daniel Sanchez appointed as our new Chief Financial Officer. He is a skilled and experienced financial executive and we look forward to his contributions as CGX moves forward with the Wei-1 drilling campaign,” stated Suresh Narine, Executive Co-Chairman of CGX.
CGX is focused on oil exploration in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana.
CGX Energy (OYL) is unchanged trading at $0.84 per share as of 9:34 am EST.