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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 dragonfly454on Nov 25, 2021 12:31pm
134 Views
Post# 34165556

RE:Slope

RE:SlopeWith it being the underlying structure rising shorewards and not only the Eocene Paleocene deposits above resulting in the change in water depth at Kawa vs Haimara it would be favorable in having the continuity of the Campanian ,the Santonian,the Turonian and source rock all the way under Kawa with the pressure to thermally crack source rock being relatively constant (variance weight due to difference in composition of of the Eocene Paleocene overburden) and the cooking time being from the time of Eocene Paleocene to now for what ever is contained in Kawa's reservoirs. So with Kawa depth being around the mid point for all the wells at B58 and accounting for the 1.45 to 1.7 degree slope ..then agreeing on it being the underlying structure rising and hoping that the Eocene -Paleocene deposits sat there long enough to thermally crack what is below to release hydrocarbons I would say we should have a Sapakara to Kawaskwasi size deposit at Kawa with oil quality in the range of Keskesi and something more in line with Sapakara at the other proximal formation on the North Corentyne block west of Kawa 1
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