CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc

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Comment by simonx72on Feb 23, 2012 11:21am

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Post# 19573194

RE: RE: RE: RE: RE: RE: RE: RE: Japanophilia...

I am not a geologist, and I am sure many have found oil in shallow wells. But I remember a guy from Staatsolie in Suriname saying the oil is deep and further out, that's why the shallow West Tapir and 2 Murphy wells were dry:lack of seal and migration issues.

For oil to get into Eagle shallow it requires over 3.5km of vertical migration form the source rock, and a good seal needs to be present.

Again, I am not a geologist. But I have a good feel for Jaguar and Eagle Deep, so I guess I will just have to be patient. Like you, I hope Eagle shallow does come through though.

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