Any attempt by Frontera that would cause CGX to incur debt would place the company (with no revenues) in a very bad bargaining position.

Source: https://seekingalpha.com/article/4651352-when-frontera-energy-catches-a-cold-cgx-energy-gets-pneumonia?source=feed_all_articles

CGX, in its presentation, pointed to its long history in pioneering the Guyana Basin, which eventually led to its Kawa-1 discovery in 2022.

Source: https://www.kaieteurnewsonline.com/2023/02/20/cgx-energy-partners-say-guyana-investments-nearly-us700m/

Once completing the two year timeline, CGX and Frontera will have to decide if they will move to production or return the remaining acerage to the State.

Source: https://www.kaieteurnewsonline.com/2023/11/18/cgx-must-move-to-production-or-return-remaining-corentyne-block-acerage-to-state-minister-bharrat/

When it comes to the Demerara Block, CGX explained that it also received a surrender deed for the Petroleum Prospecting Licence (PPL) on the same day as the Berbice Block.

Source: https://guyanainquirer.com/cgx-finalises-relinquishment-of-demerara-berbice-blocks/