Frontera Energy Corporation and CGX Energy Inc., joint venture partners in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, on Friday announced that they have entered into a term sheet for a US$19 million loan that will enable CGX to continue to finance its share of costs related to the oil blocks, the Berbice Deepwater Port, and other budgeted costs as agreed to by Frontera.

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