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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
Post by OIL_RUNon Jun 12, 2012 6:27am
778 Views
Post# 20002407

JAGUAR CLOSURE AT 5,300 METERS?

JAGUAR CLOSURE AT 5,300 METERS?

For those that are interested...I would recommend to download the January 3, 2008 reserve report which can be found of SEDAR (publicly available).  The report was done by Gustavon Associates on November 1, 2007.

 

It seems CGX has been pretty quiet on releasing any detailed material on Jaguar..including seismic or basin mapping information.  Probably soemthing that Repsol and Tullow have requested.  However, this January 3, 2008 reserve report has some very interesting information...Jaguar related.

 

If you take a look at page 21 of this January 3, 2008 reserve report...it suggests that the closure on Jaguar is at a shallower depth than Eagle Deep.  It appears depths of the closure are given in meters on both Jaguar and Eagle Deep.  Eagle Deep closure appears to be somewhere around 5,800 meters (or 19,050ft).  Note, this is also consistent with the most recent CGX's April 15, 2011 reserve report. 

 

Interestingly, according to the January 3, 2008 reserve report the closure on Jaguar appears to be significantly higher than that compared to Eagle Deep.  It appears the closure on Jaguar may be at 5,100-5,300 meters (or 17,061ft - 17,389ft).  My eyes are to old to really confirm this...possibly a younger set of eyes could confirm this observation???

 

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