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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 26, 2021 6:10pm
174 Views
Post# 34171040

RE:RE:RE:For CGX drilling team

RE:RE:RE:For CGX drilling teamHow ya gonna run a balanced cement plug to stop losses if you're not open ended with a stinger in the hole? Ya can't do it thru a BHA.

Sp dropped 7 cents today. You and shedrills just told the world that they're having losses in the production zone and have to cement the production zone off. The only way thst you can have losses in the production zone is if there is little pore pressure (hydrocarbons) there. And LCM, from your numerous SPE posts means lost circulation material like walnut shells, mica, sawdust etc. Pumping a cement balanced plug with open ended drill pipe is the very last resort but never in the production zone. Why would you want to cement off what you want to produce? Ok, you guys go ahead and continue to destroy the sp with your insane stuff. At least, Dfly deflected with a cut and paste. Out of here.

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