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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 17, 2021 9:30pm
198 Views
Post# 34016415

RE:The pressure regime should be easy (another confirmation)

RE:The pressure regime should be easy (another confirmation)Yeah I'm confused about the pressures in general. Reading Repsol's Jaguar1 recap and summary they were also thinking about a continguency liner because their FIT was only 19.6 ppg and they expected pore pressures over 20 ppg in the Turonian

MI had the mud on Jaguar. They told Repsol that the mud would turn into toothpaste at over 20 ppg using a barite for weight material based mud. To go over 20 ppg they'd need to go to a hematite for weight material based mud and there was no hematite in stock in Trinidad.

So we get super high pore pressures in Jaguar yet not so bad in Kawa? I'll defer to the experts to explain that.

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