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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 15, 2021 9:55pm
231 Views
Post# 34235279

Back to basics

Back to basicsIn that basin the second source rock was laid down in a restricted lacustrine setting then the Turonian Santonian Campanian over at Maka Central but across West of Corentyne in Guyana where Kawa is we have the Campanian and Santonian rising gradually to the south and the Eocene Paleocene deposits overlay giving a 6500 to 7000 meters of depth to source rock so over in Guyana there's a subtle difference in the geothermal gradient but the deposits of the Eocene -Paleocene are giving the pressure to the source rock to generate the Hydrocarbons..the channels of the lobes in that area also act as feeders where they incise the Santonian allowing hydrocarbons to migrate from NE to SW There is no major onshore deposits in Guyana .The AVO shows the Campanian to Santonian as good reservoir quality with DHIs ..so with vertical proximity to source rock n the added feeder channel system as a back up to move oil from high pressure Maka Central area to south west based on bouyancy ..with the seismic interpretation showing classic spill points etc etc..I don't have an issue being optimistic.So short at your own risk
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