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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

Post by Dirksidetrackon Sep 10, 2021 4:35pm
163 Views
Post# 33841460

Guyana Basin Geology

Guyana Basin GeologyGuyana basin includes offshore Guyana and Suriname. I mentioned this morning that I'm intetested in a number of plays in the area. *I've been reading the following pdf download. I have to look up geological terms from time to time and also familiarize myself to geological ages but for the most part I understand the material and I'm not a geologist. *Kawa is targeting a deep Santonian (86.3 to 83.6 million years ago) sandstone and two shallower sands Campanian (83.6 to 72.1 million years ago) and Santonian as I understand it. *I do not know if it was Campanian and/or Santonian sands where Repsol took 2 kicks at about 8000 ft on Jaguar. The attached PDF says that the shale source rock runs pretty much from Venezuela to French Guyana. *A lot of it's contents have probably not matured into oil but a lot has and is trapped in reservoirs explained by words and illustrations in the attached. It's a bit of a slog going through it but well worth it. * Note that I put asterisks where I started new paragraphs. We'll see if I got this fixed. Here's the link to some great geological information: https://www.researchgate.net/publication/274412850_Tectonostratigraphic_evolution_of_the_Guyana_Basin
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