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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 08, 2021 5:34am
188 Views
Post# 34098543

RE:RE:RE:RE:RE:What is

RE:RE:RE:RE:RE:What isHere's what Repsol said in their 35 page report on Jaguar that I've already posted about 4 times. People may want to review it because the same may happen on Kawa. They didn't expect the high pressures in the original well planning. The high pressures were encountered while drilling. Begs the question if their is a fault or some other channel for high pressures from lower formations feed higher formations. Anyway here's what Repsol said: Jaguar-1 Pore Pressure Conclusions/Lessons Learned Jaguar-1 HPHT Well was stopped earlier due to High Pore Pressure found during the Drilling. Jaguar-1 Geological Operations provided a full set of logs/information for logging interpretation. MDT was crucial in this well to confirm Pore Pressure in permeable zones and to provide G&G the geological information to review the prospect. Wireline logs were successfully run within the HPHT range. Wireline MDT practices were reviewed for the HPHT near balance conditions. High Pore Pressure Model is difficult to predict in a wildcat. However, the recognition of the chemical compaction as a secondary mechanisms is critically importance to the pressure analysis process.
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