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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

Post by dragonfly454on Nov 03, 2021 10:12am
274 Views
Post# 34081697

Ask this

Ask thisIf there were oil shows at Abary-1 and Jaguar off shore and at Drill Village Mahaicony but no real deposits found does this prove oil generation and migration? If we are sure of this updip migration towards SW and SE from the point on source rock feeding block 58 then where is the most likely place to find it? If there was less weight on source rock at K1 for a period of time than across at Maka but they now at same Santonian depth does this mean oil at Kawa would be older and closer to surface or younger and deeper relative to Maka ? Those who have the analysis basically have that answer in paragraph that says Drill village Mahaicony above the table
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