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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

Post by waitingstillon Jul 29, 2021 9:50pm
344 Views
Post# 33630406

OIL_RUN - question for you

OIL_RUN - question for youOldcompanyman had a question and you are the only one I think might be able answer it. Please opine if you can. TIA A question for the geologists of the board: Today I discussed Kawa-1 with one of my geologist friends who invested in CGX and who stated he would expect, based on the limited available data, that the EMW required for that reservoir could be in the range of 13-14 ppg. For non-geologists, this would simply mean that this reservoir will be, despite considerable total depth, much easier to drill than what I had expected (I was expecting HPHT conditions and anywhere >17ppg required MW). We (my geologist friend and myself) do not have experience with the local basin. Can anyone with a substantiated reason to believe one way or another (HPHT / non-HPHT) bring their opinion on the table?
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