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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 25, 2021 9:52am
234 Views
Post# 34164818

No scramble

No scrambleIf they have the bases covered ..then the Enav cargo would have been just in time then so probably some special mud to cover pressure build up..the bet is that HCs generated in vicinity of B58 are also migrating to the South West moving 10 km laterally along a gradient angle of 1000 meters depth to 370 meters depth(difference in water depth) ..meaning apart from being generated directly from below Kawa whatever is in Santonian in Maka Central would have to flow upwards westwards and southwards into the proximal reservoir of Kawa at the same angle as water depth change ..and remain trapped.. therefore the buoyancy of the HC and pressure from deeper would have to be sufficient to push the HCs towards Guyana shore upslope through and into a denser more sediment accumulation ..the migration aspect has been proven by the well at Drill Mahaicony East Coast Demerara which is at a 45 angle to Kawa so whether there is Commercial accumulation is being determined...
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