CGX Energy Inc V.OYL

STILL HERE

[OIL_RUN]

Still here...


Not much more to add or comment relative to prior posts.

Share price volatility is expected and also irrelevant - Wei well result is the only relevant catalyst for material value creation near term.

Hope everyone has their chairs...  Make those pay a premium who remain cautious and stay close to the sidelines.


The man in the arena...

[Kelvin]

Thanks Oil_Run, The man in the sand. Arena is Spanish for sand. Yeah who knows what will happen. Their presentation says that they'll TD the well with 12 1/4" hole. Starting with larger hole sizes gives them more options to get to target depth by running continguency casing strings or liners if they run into problems. So it's still a wildcat well. Yet 12 1/4" hole allows them to

[fishfanactic]

What's the probability they hits oil in the tertiary zone..50/50??

[Schreibzey]

Fishy, interesting you say that. Hammerhead had a lot of oil in the tertiary and, if I remember right, it goes into the Orinduik block. Wouldn't that be along the same lane in the basin as both Wei and Kawa?  I'm not an O&G person, but slide 15 in this CGX briefing got me thinking about the tertiary: https://cgxenergy.com/wp-content/uploads/2022/05/May-9-Technical-Webinar

[bazilfawlty]

Schreibzey, thank you for this post .Very interesting.Lots to absorb and will be a keeper to go back to from time to time.     Adding while I can!      Baz

[Kelvin]

Joe and Jethro hit heavy, sour oil in the tertiary. I read up on it at the time. Usually caused by aerobic bacteria decomposing the lighter ends of the oil leaving heavy, sour crude behind. Schlumberger has a really good presentation of how they and Chevron built geological models for Chevron's Jack well in the GOM. I slowly went through it trying to understand the complexities involved. They