Oil struck in Guyana by junior seeking to change dynamics at global hydrocarbon exploration hotspot

CGX Energy’s over-budget Wei-1 exploration well finds oil, but going concern issues put a dampener on news

Sign of the times: Guyana is a global hotspot for hydrocarbon exploration. — Sign of the times: Guyana is a global hotspot for hydrocarbon exploration.Photo: AP/SCANPIX

Iain Esau

London

Guyana CGX Energy Frontera Energy Corentyne Wei

Published 5 May 2023, 10:28Updated 10 May 2023, 13:58