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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 Windyhillon Aug 16, 2021 7:14pm
245 Views
Post# 33714651

RE:On Location

RE:On Location

ljmorin wrote: I understand the Rig is on location.

 

ljmorin you are correct. Mersk Discoverer has arrived on location. Perhaps a couple of day to anchor and prepare to Spud. Waiting on support supply ships maybe?

one quick question for the board here.

Not much information has been released from Total and Apache on the location & coordinates of the Sapakara south well where they struck oil again. It would be interesting to see the coordinates of this well as it relates to our Kawa1.
Reading the Apache transcripts it appears that not much information has been released on this drill. Somehow it seems elusive. Does anyone here know the coordinates of the Sapakara SOUTH well?
any comments would be appreciative.

John Christmann -- Chief Executive Officer and President

No, Doug, I appreciate the question. I mean we are in the middle of the appraisal. And as we said, we have not flow tested Sapakara South. Unfortunately, just to clarify, the testing equipment on the Valiant is damaged, and that's why.

Otherwise, we'd be flow testing that thing now. But it's going to take some time to repair that equipment, and that's why the ship is going to sail on up to Bonboni and get on to the exploration well that we're excited about. But we need flow tests there, and we're in the middle of appraisal. So we have not put out volumes yet.

I mean clearly, we're fine-tuning things and working with things. And we've talked about this being an important step toward potentially an FID, but it's just a little bit premature to get into areas and those things until we gather a lot more data, and we'll do that as we continue to appraise and analyze what we've collected. But we're clearly excited about it. Having 30 meters of one blocky sand that's full base, high quality is the type of thing that you can build around because you've got your H there, but there's a lot more to do here and a lot more to appraise.


 

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