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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 SportyJon Nov 11, 2021 3:45pm
270 Views
Post# 34116633

Neophyte

NeophyteI read cgx p6 and ALL guy/suri discoveries are at a wd > 3000' with Exxon's up to 6000'. Kawa wd is 1200'. Would this not mean we would encounter the cam and san formations higher than apa/xom? Would think up dip is good unless you get pinched out. I know the cam&san were laid down way before the ocean floor but can't wrap my brain around the wd variances between kawa and the wd of known discoveries. Enjoy the board very much and thanks for indulging this neophyte.
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