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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

Comment by Dirksidetrackon Oct 08, 2021 1:01pm
190 Views
Post# 33989357

RE:RE:AVO comparison to HAIMARA Results

RE:RE:AVO comparison to HAIMARA Results Ok so I am just learning about geology so please correct any of the following: Santonian refers to when the sediments were deposited or thrtime between 86.3 0.7 mya (million years ago) and 83.6 0.7 mya.

. Slump refers to when a pile of sediments got pulled down by gravity filling a basin. So a build up of sandy sediments in the Santonian age got pulled down by gravity to fill a basin.

We know that all of these blocks overlie the Canje source kitchen where all of the hydrocarbons were cooked in. These hydrocarbons got "squished" out of the Canje and moved up through the rocks. The hydrocarbons got trapped in the rocks.

These hydrocarbons were oil and gas liquids like condensate. They got trapped in the Santonian slump. Because nat gas liquids are less dense than oil they will rise to the top. Below the nat gas liquids is the more dense oil. And below the oil is the seawater (brine) that was already in the Santonian.

So you're saying that AVO data tells you that Kawa is located where it is most likely to find oil but at a greater depth becsuse they are at " the toe of the slump".

CGX does talk about a huge stratiographic trap. So if CGX does nail the toe they will take all of Exxon's oil!

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