CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > For CGX drilling team

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Post by oldcompanymanon Nov 26, 2021 11:21am

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Post# 34169036

For CGX drilling team

Gents,

I have no idea what you are doing right now, but just saying:

Your neighbors from across the border solved the losses below the 11-7/8" (i.e. your 11-3/4") with a cement squeeze using a stinger (if your nozzle sizes allow it, cement through the BHA, it will cost you less to pay for potential MWD damage than for a trip around). This should allow you to bring your losses to an acceptable level while keeping your upper zone with higher pore pressure in check and then run your 9-5/8".

Apologies for sticking my nose into your operations but XMas is around the corner.

Thanks for your attention,

And GLTA for the shareholders,

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