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.

TSXV:OYL - Post by User

CGX Energy Inc > dragonfly454 - question for you

<< Previous

Bullboard Posts

Next >>

Comment by Dirksidetrackon Oct 14, 2021 6:41am

277 Views

Post# 34004110

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

Yeah you need strong pipe to handle the differential when you open the well up to flow so that the pipe doesn't collapse.

So if this is not an HTHP well then they can do an open hole DST. That 11.2 ppg brine is probably calcium chloride brine water cushion in the test string like we used a lot offshore Venezuela and Trinidad with Chevron on open hole DSTs that we did. But we needed 14 ppg calcium bromide kill brine after the two week long tests.

I wonder if they've run an MDT (modular formation dynamics test) or will soon.

<< Previous

Bullboard Posts

Next >>

Anaergia expands relationship with PepsiCo