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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 Feb 08, 2022 9:25am
203 Views
Post# 34408029

Pu-Kraine

Pu-KraineWorld markets being manipulated big time...threats of this and that ..keep the masses in fear while the powers plunder ...

Each day that the Maersk Discoverer hovers at Kawa is a great sign ...LWD is pretty reliable so im counting on Wire Line to just be confirmation.

I am factoring in Wei-1 and Eagle Deep as positive. The implications for the Demerara Block will be brought out with the API which would show that at the Eastern and Western fringes of the Basin the maturity happenned later and a lower API oil is currently in play at those zones(Kawa) and hopefully Makarapan ..that being probably due to thinner layer of source rock laid down relatively more recently coming into maturity and migrating towards shelf in the Santonian -Coniacian horizons ..yes I am assessing Makarapan...

I remain confident...I dont think XOM is gonna stand by and let CGX get bought out by a next major or mid sized oil company and have it pumping from right out of Lau-Lau's teats ...at Wei-1 plus having a link to Block 58 if its all connected...

The ring of sweet crude lies in the Santonian zones on the shelf fans ..the proximal lobes and thats where it ends ...closer to shore the zones not thick enough to warrant exploration so expect the focus to be the Santonian Shelf Plays ..im seeing the Kawa/Maka signature across Northern Corentyne and the Eastern Corentyne parts of the block and in the north of the Demerara Block ..thats it just about 1.5-2.25 billion barrels of oil in about 17 targets using that play ..Eagle Deep will be the Bonanza ..the drilling techniques will be refined now so its just a matter of time..


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