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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 dragonfly454on Oct 25, 2021 12:32pm
168 Views
Post# 34045578

RE:Formation Tops

RE:Formation TopsHey She Drills and OCM for the target sections of the formations...the entire column to be drilled is 6600 meters with the target zone in the last third.

I put the Campagnian target at 4800-5250 meters depth,the Upper to mid santonian at 6100-6250 Depth and the lowest at the 6350-6500 meters depth using what I have estimated o be the thickness there at the exact well spot and the TD.

The Sediment wedge above the  Kawa target is uneven as it runs updip so a strong possibility that a productive part of this reservoir is across the border in Suriname and in Exxon south of Haimara as well but the pressure would see the hydrocarbons being accessible from the GX Corentyne block.

The Formations as indicated by the arrow heads on the left of the diagrams indicating the Campagnian and Santonian possible Conician and the Source Rock are based i presume on the interpretation of the seismographs and comparison to the ammonite fossils etc encountered  from the previosly drilled wells and similiar basins.not too exact however in the absence of day by day depth updates the exact information would not be very helpful either so working with 69% of 6600 meters giving 4554 meters drilled as at day of last update the Maersk Discoverer should be right at the start of the Campagnian as at yesterday afternoon and at Target one by Saturday morning.
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