CGX Energy Inc V.OYL

Eagle Deep Dirkrisked..derisked Best estimate 2.5 billion

[dragonfly454]

The Deep Coniacian (now established as that age by Kawa ) in the Eagle Formation is as follows

 Table 5-3 Summary of Resource Estimates Prospective Oil Resources, Millions of Barrels Prospect Low Estimate Best Estimate High Estimate Eagle Lower Turonian 187 1,269 3,340 Eagle Upper Turonian 144 1,241 3,949 Sum of Prospects 331 2,510 7,289..Gustavson report Page 34
https://cgxenergy.com/wp-content/uploads/2020/03/51-101-Gustavson-Report-May17-12.pdf 

From page 18 of that report is ALL  proven now in terms of formation and porosity and oil accumulation directly above source roack at santonian depth..so dont think FEC will sell without trying to go Eagle Deep after Wei-1

[Goldrush97]

That's the thing. They don't have money for another well unless they do offering.

[bazilfawlty]

dragon fly 454 thank you that was interesting. Since that was from a while ago.....does CGX still hold 25% of Georgetown lease  and the %'s ON onshore lease? I couldnt cipher it out as   the report with names ,and locations could change over the years.   thank you ....or if others know thanks again.  We are at a very exciting time and here's to all the lons and

[bazilfawlty]

sorry people ..I am replying to my own post found info I wanted .   cheers

[Goldrush97]

Any chance this also derisk some of the eastern portions of kanuku block ( formerly Georgetown block) esp where jaguar was drill. I remember Jaguar was abandon before ever reaching intended depth because hpht.

[Dirksidetrack]

Goldrush97. Yes. A few weeks ago Dfly and I were going on about sources of over-pressure. I had mentioned that Repsol said, in their final report, that they believed that the higher than anticipated and designed for, pore pressure was due to "chemical compaction". Dfly responded that they should have taken it into account. Today he mentioned well design again saying that these Coniacian