TMX group

(TSX-V | OYL)

TORONTO, May 18, 2012 /CNW/ - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announces that David Christian has resigned as a director.  Mr. Christian joined the board of directors on June 28, 2011, shortly after the appointment of the former President and CEO, Stephen Hermeston.

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin, an area ranked second in the world for oil and gas prospectivity by the United States Geological Service.  CGX is managed by a team of experienced oil and gas and finance professionals from Guyana, Canada, the United States and the United Kingdom.

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