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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 Sparky5968on Dec 01, 2021 7:18pm
261 Views
Post# 34187754

RE:Blue Formation

RE:Blue FormationRefering to the color legend on the left hand side of the image the blue is simply the opposite polarity of the yellow. If the yellow is a negative amplitude then the blue is positive amplitude. All it means is when the seismic wave was travelling through the media it encountered a change in density from one layer to the next. The more significant the change in density the higher the reflection coefficient resulting in a higher amplitude on the seismic. The positive/negative amplitudes are determined by the reflection coefficients which are in turn determined by the relative densities of the material above and below the reflecting interface. Look here to see how the reflection coefficient is derived: Reflection coefficient - SEG Wiki . Someone who knows what the geological column is at that location would be able to give you a good idea what is causing the 'blue' on the seismic.
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