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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 26, 2021 9:26pm
163 Views
Post# 34171450

RE:RE:Vugular almost got vulgar

RE:RE:Vugular almost got vulgarNah Dirk ...we do need OCM here man ..let's have constructive discussions and pull ideas together avoiding geological semantics ..however I do agree that the technical aspects need in depth analysis and details if we are to have a clear idea of what may be happening at this crucial time..methinks it's very tricky at that point if u have unsaturated sediments from within the old channel collapsing into the anticipated productive zone(s) in the Santonian could end up creating a false negative ? If that section collapses into the borehole ..just my thoughts....so let's not be too pedantic especially when we don't have enough info to go on ...it's one thing to look at supply vessels plying waterways and funning as to what they may be carrying and something totally different to raise possiblity that something serious is happening in the target zone without being very specific as to what your imaginings are and to ensure you lay out the implications ..it seems to me they are having the same issues like Maka Central at the corresponding depth and that may be a good sign once it is handled expertly...as SheDrills said these adjustments and corrections eat up time..like Stephen King's Langoliers
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