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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > 1100 ft
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Post by Frank007 on Mar 04, 2021 11:33am

1100 ft

is not shallow water  ...the demera block is and could use jack up rig ....way cheaper to operate .....looking at the seismic on thecgx websight   this is a no brainer ... i am an oil engineer  started in the industry  when dome petroleum was around  ,... worked the canadian arctic  and understand  what  deposits during the paleozoic and mezozoic  periods  lay down most of the planets oil resourses   avoid precabrian ares  500  milion years and older  .... prior to that the panet did not have  vegitation ....on land ....oil discoveries are not just any where ....
Comment by waitingstill on Mar 04, 2021 11:07pm
Makarapan in the D block is 1000m! That is 3 times deeper than Kawa in C block. It is on trend with Liza. And it is huge.  Not sure why they are not getting after that in a big way as it should not be that expensive to drill 3500m.I think ECO was drilling similar depths for about $40mil. I wish they would have been more definitive about this one. "The Makarapan-1 exploration well on the ...more  
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