CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Hi sparky

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Comment by Dirksidetrackon Dec 16, 2021 10:16am

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Post# 34236505

RE:RE:Hi sparky

Hi Sparky, I went looking for what the difference is between an active hydrodrocarbon system and an inactive one. Here's what I found: A source rock that generates petroleum, either biogenically or thermally. If a source rock was active in the past, it is either inactive or spent in the present.

Also a petroleum system is defined as having 4 components - source rock, migration pathway, reservoir rock and seal or trap.

So I take the update to mean that oil is still being generated in the Canje source kitchen and migrating to several reservoirs, each with a seal.

But I know little about geology. Looks promising though.

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