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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 Dirksidetrackon Feb 01, 2022 7:56am
230 Views
Post# 34383508

RE:Good morning

RE:Good morningDfly, They drilled into the Coniacian. First appearance of Cremnoceramus marks the lower boundary of the Coniacian from what I've read.

From Wikipedia: Cremnoceramus is an extinct genus of fossil marine pteriomorphian bivalves that superficially resembled the related winged pearly oysters of the extant genus Pteria. They lived from the Turonian to the Maastrichtian of the Late Cretaceous.

But these Cremnoceramus bivalves evolved over time. How they changed tells geologists when the rock was deposited. Them and the ammonites that you have mentioned before. So now I guess they get into the highly detailed analysis of cuttings samples, cores, logs and seismic together with what they learned at Jaguar and Eagle to build a geological model of where the traps are.

This could take a while to figure out. No doubt they have the best paleontogists around determining rock ages and correlating with other info. I'm just wondering how long all of this analysis takes.

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