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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 oldcompanymanon Oct 13, 2021 10:53pm
261 Views
Post# 34003793

RE:RE:RE:RE:RE:dragonfly454 - question for you

RE:RE:RE:RE:RE:dragonfly454 - question for youHi Dirk,

I have no idea about their current MW on Kawa as I (we) do not have any information from the rig. This being said, given that so many posts refer to Surinam B58, I have no problem stating that the well I was referring to in yesterday's post was a B58 well that they are about to test and it holds with 1.34SG (11.2ppg) brine at TD.

A bit of an unconventional design in the sense that they have a 13-5/8" by 14" intermediate string and the production string, a 9-7/8", is a liner, not a casing... Given that this is an exploration well it must be designed to withstand the load case known as "full displacement to gas" and it was confirmed to me that they took the liberty of installing a production liner because that 14" (I haven't asked but probably a 110ksi & 114ppf pipe) withstands gas to surface from that reservoir, which is normal given that it is 1.34SG (minus safety margin of some sort). They are targeting light oil apparently.

So, if there is any analogy / conclusions to be drawn for our well, be my guest :)
GLTA, 
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