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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Bullboard Posts
Comment by OIL_RUNon Jul 18, 2012 6:56am
673 Views
Post# 20124629

HPHT WELLS - WORLDWIDE

HPHT WELLS - WORLDWIDE

Take a look at the presentation from Total dated February 2012 entitled (https://aftp.ecritel.net/_upload/ressources/textes_conferences/technologie_forage_puits_hpht_080212.pdf).  Take a look at slide 6 of this presentation - which gives you a good overview of the majority of HPHT wells around the world that have been drilled and where they rank in terms of temperatures and pressures.

 

It certainly would be interesting to see where Jaguar-1 plots against these wells.  Certainly, it would not even come close to what junior explorer McMoran is drilling in the GoM shelf: Davy Jones, Blackbeard, Lafite - all being drilled below 30,000 ft below the mudline.

 

I would suspect Jaguar would probably fall below the 'ultra' classification.  It will be interesting to see when more information is released.

 

First things first - Repsol and partners are going to need an extension on the Georgetown Block - which will expire in November 2012.  Not to just re-drill Jaguar-1, but to allow the partners - who are taking a very significant risk - the opportunity to follow up with their other prospective inventory they have worked hard on to identify.   

 

I certainly would be surprised if Guyana does not move ahead granting some type of extension on the Georgetown Block to Respol and partners. 

 

 

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