This move is huge, rather than being a JVP in spudding one well on Corentyne Pacific Rubiales Energy Corp decided they liked what they saw so much that they wanted to buy into CGX and are now 19% owners of this company and are part of everything that CGX owns.

We now have a mid tier big name muti billion dollar market cap oil company as a partner that will be involved in everything going forward.

CGX is no longer a little unknown junior oil explorer flying under the radar.

This investment into CGX by Pacific Rubiales Energy Corp probably cofirms that Inpex has discovered oil on their block.