CGX Energy Inc. today provided an operational update on its exploration assets in Guyana.

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.

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.