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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 > Rhbender
View:
Post by taal on Jul 21, 2021 6:26am

Rhbender

just wondering if any of our posters ie..Oilrun....Oilcompayman..or anyone else with Oil background or experience.....could shed some light on Rhbenders comment on Seeking Alpha below..Thanks A one line and map interpretation, so its not worth much. It strikes me as a bit odd that 4 or so reflectors just below the main amplitude, also dim at the primary targets down dip amplitude termination. Another curiosity is why are their amplitude dims, in the main F amplitude, that are linear (seismic shooting direction?). There also appears to be linear amplitude brights and dims down dip (to the right) of the primary target. Sure looks like there is amplitude striping that is not just due to geology or hydrocarbons in their seismic data. Really don't like to see stuff like that, especially when the obvious, non-geologic amplitude striping appears about as bright as the prospect's amplitude anomaly. If I was looking to farm-in on their prospect, I would really want to investigate the seismic more.
Comment by firo1988gt on Jul 21, 2021 7:34am
Taal I also wondered about that comment.  It would be nice if it could be clairified as it had a negative aspect to it.  Thanks  FIERO  GLTA
Comment by OIL_RUN on Jul 21, 2021 7:51am
The comments are related to Prospect F (Makarapan) on the Demarara license. It's the same content CGX shared during their May 2015 presentation. Based on the last several financial reports CGX has released (available on SEDAR) - CGX has contracted a third party to reprocess the modern 3D seismic data on Demerara. This will be completed sometime in 1H-21. After reprocessing has been ...more  
Comment by soulfire on Jul 21, 2021 8:19am
OIL_RUN because the clan at CGX copy, paste and forget to edit instead of releasing all new info. with enhanced data included. Makarapan might be the surprise everyone is discounting. Thanks for all of the knowledge and content you provide to this and other boards OIL_RUN. Truly is refreshing and completely opposite to CGX Management. GLTA
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