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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 08, 2021 11:23am
252 Views
Post# 34099962

Salvador Dali's Alice in Wonderland

Salvador Dali's Alice in WonderlandStuck at six o'clock ...Yeah with the overpressure at Maka-Central at the Santonian depth plus the bouyancy of hydrocarbons with possiblity of the Kawa and Maka Central lobes being connected and Kawa being updip with the Eocene Paleocene sediments being less dense I would expect lower API oil in Kawa once that connection is in place or they both have the same source point to be charged from... remember Maka-Central was overpressured...that being said I anticipate next well would be drilled at Demerara block in the short time window to keep the block and Kawa-West possibly just after with that well being named Wei-1
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