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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 Oct 13, 2021 5:25pm
341 Views
Post# 34002990

dragonfly454 - question for you

dragonfly454 - question for youdragonfly454 - you have provided much important insight into the play recently and that is much appreciated. Are you able to answer my question about the seismic showing the bottom of Santonian age being at 5500m but yet we are drilling to 6500m? I realize in exploration it might be beneficial to drill extra but that seems excessive. But even more pertinent is that if we are indeed at about 5000m, the next 3 weeks we should be drilling right through the primary target. Does tha make sense to you? Sorry to keep asking this but it is just not making sense to my non-drilling/seismic reading/geologist mind. TIA!
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