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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 SportyJon Apr 13, 2022 9:43am
137 Views
Post# 34599849

RE:RE:RE:RE:Flip a Coin

RE:RE:RE:RE:Flip a CoinDirk, thanks as always for making the technical not so technical. I'm pretty sure Liza and I know Kawa were never intended to be DSTd. Unlike Liza, Kawa wasn't able to gain MDT or sidewall core tests. In researching DST in HTHP you are point on. The main thing is to be able to adapt and change on the fly. Very tough environment to drill let alone test. Although Kawa was known to be drilled in an HTHP area (blk58 offsets) cgx still couldn't get some critical data. Will be interesting to see what was learned and possibly applied to the Wei drill. Enough posts for me, let's see how the sp does today. Thanks again, Dirk
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