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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 Nov 07, 2021 9:32pm
196 Views
Post# 34098250

RE:What is

RE:What isI've been on wells where the ROP (rate of penetration) was as low as 1 - 2 meters per hour with the bit changed every 30 to 40 hours of drilling. Usually in highly abrasive, well cemented sandstones, siltstones. By cement you geologists refer to the pore space between grains being filled with something that was once liquid and is now solid. Carbonate compounds I think.

.Anyway if the formations have silicates like sand or silt which are very hard on the Mohs hardness scale where the grains are cemented together it will wear the bit out faster because more weight has to be put on the cutters in a PDC bit to crush the rock rather than scrape it out like the cutters do with a poorly cemented rock.

Dolomite and limestone are also a pain to drill but the worst is chert as reported by drillers.

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