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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

Comment by jtddon Feb 20, 2021 3:02pm
224 Views
Post# 32619377

RE:DEMERARA PROSPECT

RE:DEMERARA PROSPECT

Hi OIL_RUN,
 

Both the Santonian and Campanian play types have been de-risked with further upside expected in deeper Turonian and Albian and Aptian play types (per recent comments from Apache)."

Do you think CGX will drill down into the deeper layers because they only mention as deep as the Santonian (which is in the upper Cretaceous, not the lower Cretaceous, like the Albion and Aptian)?

 

Also, the resource does not speak of a large target in the Demerara, does it?  You mention deep water, do you know the depth of water at the Makarapan-1 site?  Where did you see the drill depth of 12000?  The santonian is usually around 18000 ft down in the earth, no?

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