Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 OIL_RUNon Oct 13, 2021 8:16pm
324 Views
Post# 34003433

RE:RE:dragonfly454 - question for you

RE:RE:dragonfly454 - question for you

Not to get everyone too excited - but, if the campanian is expected to be encountered at just over 5,000 meters (as depicted on slide 10) you would likely want to set your intermediate casing string above the prospective reservoir to reduce potential reservoir damage and / or preserve integrity of your well logs / cores. Remember, data here is KING! I'll come back to this point at the end of my post.


For all practical purposes we are assuming CGX will be running 13-5/8 casing section for their intermediate casing string - which is deepwater industry standard.


Ideally, this leaves you drilling into your prospective pay zone with a 12-1/4 BHA. Again, industry standard of having a full suite LWD system capable of detecting pay as the well is drilled and followed up with wireline.
 

So, the question is back to you dragonfly (reference whisper on a whim). I find your "whisper" intriguing! If CGX has set their casing short of 5,000 meter - are they right above the campanian?


Second, you referenced there was a pressure build in the well which may have caused them to set casing early. Well, that's a really REALLY good indicator of a working trap. An indicator for almost all deepwater discoveries is a build up in pressure before entering the reservoir. Hence, as mentioned above, you set casing in that area to avoid potential reservoir damage and ensure data integrity. I'm full circle now on my post...


This game is almost set ladies and gentlemen. Data is coming and news will inevitably be released. 


Front row seat to the "golden lane" surrounded by multiple world class discoveries. Hottest offshore basin in the world backed by large volumes of high quality oil at industries lowest breakevens.


See everyone in December!






 

<< Previous
Bullboard Posts
Next >>