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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 Mar 05, 2022 9:51pm
175 Views
Post# 34487541

RE:RE:RE:RE:Kawa Pay Zone?

RE:RE:RE:RE:Kawa Pay Zone?Investnowplease, You don't find swelling smectites that deep. They've undergone diagenisis and have been converted to non reactive, hard, brittle illites that deep. Over-pressured, spalling shale? Quite likely.

Regarding your H2S comment: The mud engineer would have run a Garret Gas Train at least twice a day to determine if there was H2S creeping into the mud and if yes then the mud engineer would have jacked up the alkalinity and added H2S scavenger to the mud. The companyman and OIM would have ordered special precautions on the drill floor where everybody would have been required to mask up if H2S in the air got over a certain concentration (10 ppm if memory serves). Plus they have H2S sensors at the shakers and other places. They don't mess around with H2S. It will drop you faster than a gunshot to the head. They don't rely on just the gas chromatograph either. H2S kills your sense of smell as well so you can't rely on human sensory perception either.

Regarding the p&a. They probably installed a retrievable cap in the well head. If they ever want to come back to the well, then they can re-enter it. So I'm not so sure that this is a permanent abandonment. Did they say that it was? Gotta read the NR again.

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