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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 OIL_RUNon Oct 13, 2021 8:16pm
304 Views
Post# 34003433

RE:RE:dragonfly454 - question for you

RE:RE:dragonfly454 - question for you

Not to get everyone too excited - but, if the campanian is expected to be encountered at just over 5,000 meters (as depicted on slide 10) you would likely want to set your intermediate casing string above the prospective reservoir to reduce potential reservoir damage and / or preserve integrity of your well logs / cores. Remember, data here is KING! I'll come back to this point at the end of my post.


For all practical purposes we are assuming CGX will be running 13-5/8 casing section for their intermediate casing string - which is deepwater industry standard.


Ideally, this leaves you drilling into your prospective pay zone with a 12-1/4 BHA. Again, industry standard of having a full suite LWD system capable of detecting pay as the well is drilled and followed up with wireline.
 

So, the question is back to you dragonfly (reference whisper on a whim). I find your "whisper" intriguing! If CGX has set their casing short of 5,000 meter - are they right above the campanian?


Second, you referenced there was a pressure build in the well which may have caused them to set casing early. Well, that's a really REALLY good indicator of a working trap. An indicator for almost all deepwater discoveries is a build up in pressure before entering the reservoir. Hence, as mentioned above, you set casing in that area to avoid potential reservoir damage and ensure data integrity. I'm full circle now on my post...


This game is almost set ladies and gentlemen. Data is coming and news will inevitably be released. 


Front row seat to the "golden lane" surrounded by multiple world class discoveries. Hottest offshore basin in the world backed by large volumes of high quality oil at industries lowest breakevens.


See everyone in December!






 

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