Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 OIL_RUNon Sep 10, 2021 4:38pm
343 Views
Post# 33842054

RE:RE:Drilling

RE:RE:Drilling

I would generally expect CGX to have completed their open water work (running 36 conductor and 22 casing) given Aug 23 SPUD.


From this point on they will rig up their riser and proceed to drill towards total depth running various casing sections along the way. The Kawa well plan may comprise running various casing sizes until reach total depth. For example, 18-5/8, 16, 13-3/8, 11-3/4, 10-3/4, 9-5/8, and 7in - with various contingencies mentioned / planned for.


I would expect things will get interesting once they start drilling their 12-1/4" and 8-1/2" hole sections. Once they encounter primary and secondary intervals (3 zones of interest mentioned by CGX and Frontera) - they will likely "evaluate" these sections via a series of wireline logs (among a long list of reservoir evaluation methodologies). So, possibly three independent and separate evaluations will take place at different time frames.


In terms of timing, we are probably 60 days out before we get to the 12-1/4" hole section.


GLTA


 

<< Previous
Bullboard Posts
Next >>