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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 dragonfly454on Nov 11, 2021 4:20pm
188 Views
Post# 34116846

RE:Neophyte

RE:NeophyteThe Kawa-1 well is situated at the beginning of an upward slope Its a gentle gradient at this point with water depth initially almost as deep as Apache's Block58 in Suriname but sediments laid down from the Berbice Canyon in the Eocene-Paleocene period created additional overburden that basically offset the effect of the upward sloping in terms of sea floor to Turonian ..that basically resulted in the pressure levels at the 4000 meter depth and below equalizing even though the Campanian through Santonian was running upwards to the south which of course resulted in water depth becoming lower ..don't raise the bridge ..lower the water
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