CGX Energy Inc V.OYL

GEOLOGY

[CLOUDER]

WELL,  what if the oil just got SQUISHED out deep?   you know OFF of the contenental shelf.  There is a lot of weight on it from the contenental shelf,maybe this is why there has been no economical oil on the shelf.     i know that this is a very  simple explanation, but...........

[Dirksidetrack]

Here's a better explanation if you'd like to know more about The Berbice Valley and Canyon System of Guyana: A Cross-Shelf Incised Feeder of Giant Cretaceous Age Deepwater Fans https://www.searchanddiscovery.com/abstracts/html/2019/ace2019/abstracts/1382.html

[waitingstill]

Dirk (or anyone) is it possible to determine distance of Catwalk from Corentyne? Also, does anyone know the geologic layer they targeted?

[Dirksidetrack]

I got Kawa to Cataback at about 25 km distance and Kawa to Longtail 2 at about 31 km distance. Also I got Cataback to Longtail 2 at about 25 km distance. I used downloaded info from the Guyana Maritime Adminstration putting Kawa at about 07.2700N, 56.2400W, Cataback 07.4900N, 56.2950W and Longtail 2 at about 07.5240N, 56.3680W. I then plugged coordinates into this link: https://keisan.casio.com

[Dirksidetrack]

Also I read somewhere that Exxon also was targetting Campanian and Santonian but can't find the reference now. Will try to remember and post it.

[waitingstill]

Thanks Dirk!

[AnMar]

I would be interested in knowing what the distance between Kawa and the Jagaur well is? I believe Jagaur to have been a discovery and the area should be revisited.

[Dirksidetrack]

Someone asked me that before and I checked it out and replied. If memory serves Kawa is 91 kilometers and 220 degrees azimuth from Jaguar.

[AnMar]

Wow, 91 km southwest of Kawa? Not even close then.

[Dirksidetrack]

I'll confirm tomorrow morning. I'm going from memory but I'll go check the Guyana Maritime Administration website tomorrow. Internet here sucks right now.

[Goldrush97]

I agree. I think the jaguar well encounter hydrocarbons but couldn't reach the targeted depth because of high pressure. I remember ceo of cgx at that time stated they had plans to drill another well close to there but it never happen.

[jtdd]

Agreed Anmar (about Jaguar)

[Geologist5]

As a liquid fuild and gas the petroleum migrates upwards to the reservoir bedrock locations over millions of years. It reaches an equilibrium based on favorable stratigraphic conditions associated with stratigraphic trap features of the resovior bedrock. Note as this occurs the overlying straigraphic bedrock have been deposit with bedrock units/types that confine the petroleum from migrating

[CLOUDER]

yah well if you SQUISH some thing enough,it will migrate. just my opinion.

[Geologist5]

What are your qualifications to make a scientific statement like this?

[Dirksidetrack]

He might be into the mushrooms again. He does that to go back into geologic time to the early Cretaceous to imagine what things looked like back then.Massive Berbice River system draining a huge part of South America into the Caribbean before the Nazca tectonic plate squished against the South American plate creating the Amazon River watershed replacing the Berbice drainage system and the

[dragonfly454]

Ayahuasca Dirk.. Ayahuasca nothing tops DMT

[Dirksidetrack]

Hahaha, known as yag here in Venezuela. Psychoactive natural drug. Yeah you need a mind like Einstein or great drugs to try to visualize this geology. I still can't see it.It still sticks in my mind what OCM said when he said that he didn't think that this was an HTHP well.The Nobel Tom Madden spudded Cataback1 in early August and in two months we have a major discovery for Exxon.So what

[Miftee9]

I presume you are a real geologist given your handle.  What are your thoughts on the drill location and are you invested in this stock because of the metrics found in this drill?  Asking for a friend. ha.

[Udinese69]

I am a simple person that is trying to invest and make money! I have no knowledge in the oil industry. I quess drilling location is good? I looked at oyl & all looks good. Read alot about OYL and did alot of due dilegence investment hopefuly to make money My OPINION only. OIL is going nowhere down in the future. Take a look at all the products that oil produces!   Every day Lives

[Udinese69]

I AM SORRY Wrong Post Meant for another post

[Dirksidetrack]

Michael Wirth CEO Chevron said a couple of weeks ago that average capex investment by oil and gas companies is down by 30% They are spending less to find new reserves to replace production.The reason is that the institutional investors have really scaled back their investments in hydrocarbons because of public green pressure. So now we have a demand curve starting to approach the supply curve

[Mat1791]

There is a very interesting change in strategy for oil majors.   Prior, profits were mostly used to find more oil, currently, as you correctly state, less and less of the profits are flowing to additional reserves and more going towards dividends and share buy backs.   The subsequent decrease in supply will continue to drive increases in the price of oil and more profits will flow

[Dirksidetrack]

Yes! Not to only dividends and share backs, but also to pay off debt as well. I'm just learning about financial accounting. The basic accounting equation is Total Assets = Liabilities + Shareholder's Equity. Total assets go up, liabilities goes down as you pay off debt leaving Shareholder's Equity to go up. Shareholder's Equity = Contributed Capital + Retained Earnings.So you end

[dragonfly454]

Geologist5 .. excellent..and as accumulations of quarters became dollars over the past 21 years these quarters will now be migrating back into pockets as people take money off the table..Frontera has done an excellent move to depress the share price in this epoch before rights expire lol

[Geologist5]

[Geologist5]

[dragonfly454]

It's a slump fan overburden in a different time period the gap and porosity is still in the Santonian showing up on the AVO ..more likely it migrated north into Kawa updip and pinched ..strategraphic trap

[AnMar]

Haha, what if you actually knew what you were talking about?!  Squished out deep.... funny guy