CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc

Bullboard Posts

Comment by OIL_RUNon Jan 10, 2019 1:55pm

111 Views

Post# 29213723

RE:RE:RE:OIL_RUN

See attached index of upper cretacous aged sediments - or, layers of sediments comprising cretacous aged deposits. https://www.geolsoc.org.uk/Groups-and-Networks/Commissions/Stratigraphy-Commission/Brief-Summary-of-British-Stratigraphy/Upper-Cretaceous

Also attached is an index of tertiary aged sentiments https://www.universetoday.com/79271/tertiary-period/

Note, in several of the Exxon/Hess public announcments - they have mentioned the aged of the reservoir they encountered as partin the for each discovery.

Key point here is that some of these play types Exxon has de-risked (from what we have been told by CGX and other participants in the basin) do extend to the shelf. In some cases, these discoveries Exxon has announed (Pluma & Haimara) are part of a channel systems that run through adjacent blocks owned by CGX, Tullow, Repsol, etc.

Bullboard Posts

The Market Online’s Weekly Gold Report – June 26, 2024