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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 BoykJurko11on Aug 05, 2022 8:19pm
425 Views
Post# 34875720

RE:RE:Tullow

RE:RE:TullowIcedog, I need some clarification. I'm imagining a Grand Canyon like channel or river gorge. Maybe a tributary of the Berbice River 80 million years ago with many tributories fanning out into the ocean.

The heavier sand in the Berbice River water would decant (settle) first updip or upslope of the finer silts and clays which would settle or decant last. This heavier sand makes great reservoir rock because it's highly porous and permeable. Naturally it contains seawater as deposits accumulate on top of it.

Below everything in the Guyana Basin is the Canje source kitchen creating hydrocarbons. Those hydrocarbons migrate upwards. Lots of them get trapped in reservoirs that are sealed, usually by shale, so that hydrocarbons accumulate there and build pressure. The seawater already there gets forced to the bottom of the reservoir because it's denser than oil. Gas sits on top because it's less dense than oil.

. So I'm imagining Kawa holding piles of oil not commercially recoverable because the reservoir sections are too thin. 230 feet of net pay yes but thickest section out of the 12 that they found was only 30 feet or do.

But seismic tells them that Wei has much thicker sand sections. I thought that Wei was updip from Kawa which would make sense because more sand would settle upslope or updip from Kawa. Also, oil in Kawa would naturally migrate updip to Wei if pressure were relieved upon producing it. Don't know what happened in Repsol's well to find great reservoir sand but no oil. Maybe the oil migrated up dip. Maybe it headed to thicker sands around Wei leaving the seawater behind.

I say this because something is sustaining the oyl sp and it's just not wild a$$ed FOMO without justification. People are pricing in a fairly high chance of discovery for some reason. My question is: Is Wei updip from Kawa or not? I thought that they said that it was 12 km updip.

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