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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 25, 2021 10:09am
162 Views
Post# 34164920

RE:No scramble

RE:No scrambleYeah I've never fully understood the migration aspect of all of this. After 10s of millions of years I'd expect, neglecting hydrostatic effects, the reservoir to be at uniform pressure throughout. Or in other words, if there were even the slightest of paths for hydrocarbons to get to Kawa then it's there by now.

Like it doesn't matter if a pressure vessel has a gaping hole or a pin hole. It will eventually empty if a pressure difference exists between what's inside and the pressure outside.

The other thing that baffles me is that I thought that the Canje source kitchen underlays that entire region where Kawa is. Wouldn't migration be more vertical than lateral since the greatest difference in pressure surely must be in the vertical plane because that's where the greatest stress occurs due to overburden weight.

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