Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Bullboard Posts
Comment by OIL_RUNon Mar 24, 2012 5:48am
572 Views
Post# 19713066

RE: depths

RE: depths

Jcan -

 

As you are aware there are two targets Eagle Shallow will test (Primary & Secondary Target).

 

Primary Target:  Accoring to the third party reserve report available on the CGX website - the Eagle Eocene target should be encountered around 3,050 meters (i.e. 10,000 ft.).  As you have hilgihted in your earlier post (https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30846301&l=0&r=4&s=OYL&t=LIST) CGX would likely be setting a casing right above the prospective zone. 

 

Secondary Target:  The Maastrichtian target should be encountered around 4,000 meters (i.e. 13,200 ft.).  

 

Where do you believe CGX is with respect to their well program?  In my opinion I would believe CGX will encounter the Eocene (primary target) sometime this week or early next week.  Thoughts?

 

Bullboard Posts