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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 03, 2022 1:15pm
192 Views
Post# 34393830

RE:RE:Eagle Deep Dirkrisked..derisked Best estimate 2.5 billion

RE:RE:Eagle Deep Dirkrisked..derisked Best estimate 2.5 billion Goldrush97. Yes. A few weeks ago Dfly and I were going on about sources of over-pressure. I had mentioned that Repsol said, in their final report, that they believed that the higher than anticipated and designed for, pore pressure was due to "chemical compaction". Dfly responded that they should have taken it into account.

Today he mentioned well design again saying that these Coniacian and Turonian traps can be drilled with proper well design. Oyl had 25% interest in Jaguar. They obviously learned a lot from it because they just drilled the Coniacian on Kawa.

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