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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 dragonfly454on Dec 14, 2021 3:51pm
218 Views
Post# 34230336

Dirk ..the info u need is here

Dirk ..the info u need is hereOn sediments at different parts of a basin ..but please remember this basin had some inversion going on after the Campanian was already in place so it may very well be that the sediments in the proximal fans at 5000 meters are homogeneous to or close in size to the basin fan sediments ..the AVO responses do a pretty good job in derisking that aspect these days ..of course someone will say .."speculation" lol ..anyways why y'all so fearful ? Balls up lol
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