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 > I guessed right!

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Comment by Dirksidetrackon Sep 25, 2021 12:10pm

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Post# 33919212

RE:RE:I guessed right!

Yeah I used Jaguar1 offset public info that I posted a few weeks ago. CGX had 25% of that well and learned the "lessons learned" about bit selection, mud type and properties in order to drill these wells faater than the Jag drill.

I figured 40% faster than the Jag drill because the team dilling Kawa is world class as you've pointed out.

My calcs and yours proved to be right. You said 2500 to 3000 meters. Bang on.

Anyway they got the well design right and the geology right Soon the Campananian. Hopefully great news.

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