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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 17, 2021 6:44am
293 Views
Post# 34134999

Page 11 of October 22 Presentation

Page 11 of October 22 PresentationIt says "the channel decapacitates the lobe from it's updip feeder creating a lateral seal ..the feeder is in the North but also updip as the Campanian is pushed down south of the channel therefore is it seemingly postulated here that the feed is happening from the north which is updip so gas more likely to be above part north of channel and oil and gas to oil above brine further south ..it appears counter intuitive at first but with careful study it comes out ..the weight of the Eocene Paleocene sediments changed the natural inclination of the Campanian later going south ..increased pressure ..good for oil generation from source rock below..by being depressed down dip relative to the north the oil would gravitate to area south of channel..as the more bouyant gas went north ...as the Campanian pinched out to south accumulation should occur right at the Kawa-1 intercept..that same point of pinch out restricted Eagle from being fed ...so this understanding and Sapakara's latitude all increases the overall prospect of Kawa-1 the logic is valid all the way down to TD ..
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