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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Kelvinon Dec 29, 2023 12:52pm
180 Views
Post# 35804173

RE:No leak is coming…

RE:No leak is coming…Good strategy wcp. If I owned oyl that's exactly what I'd do because the oil is there, as they announced, because the core aquired data is 100% reliable. SLB or whoever acquired the data will never, ever manipulate the logs etc. 

To me the question is will that oil flow in commercial volumes to production wells or will the flow paths be blocked off with impermeable barriers like shale? They don't know. They said that more appraisal wells will be needed. They'll need to flow test those wells. Something that I've said since Kawa spud despite my detractors. Ok now they said it. Do you believe me now?

So does the Maas get less "ratty" with more contiguous, homogeneous quality sandstone reservoir rock not contamunated by clays or shales creating permeability barriers as they move into deeper water on Corentyne? Will Bluefin etc derisk northern Corentyne? Are the markets waiting on those results? In the meantime picking up cheap shares? We're in the realm of stuff way beyond my ability to access. We need earth science experts right now. Badly.
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