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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 Dirksidetrackon Sep 25, 2021 12:10pm
186 Views
Post# 33919212

RE:RE:I guessed right!

RE:RE:I guessed right!Yeah I used Jaguar1 offset public info that I posted a few weeks ago. CGX had 25% of that well and learned the "lessons learned" about bit selection, mud type and properties in order to drill these wells faater than the Jag drill.

I figured 40% faster than the Jag drill because the team dilling Kawa is world class as you've pointed out.

My calcs and yours proved to be right. You said 2500 to 3000 meters. Bang on.

Anyway they got the well design right and the geology right Soon the Campananian. Hopefully great news.

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