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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

Post by dragonfly454on Dec 14, 2021 10:11pm
271 Views
Post# 34231352

Hey Guys

Hey GuysYeah monkeys and darts... honestly human humor evolved out out of monkeys throwing u know what ..and running away panting for breath ..and laughter was the result lol ..so imagine what can evolve out of simians throwing darts ..lol ..yep hockey..sports betting soccer and analysis ..oil and seismic data and analog wells . Whyworry ? Someone with a raft load OYL changed their user name lol.. tendrils is that you or is it the remora in the barrel? ...AnMar and WhyWorry could u guys use your spheres and fill each other's "space" ? So we can have an analOG to cross reference ? The shorts are here ..lol it's becoming clearer that Maersk Discoverer has experienced some sort of action similar to Maka Central and delays resulted and the fact that so much time is being taken with rig work and with hardly any attention to propping up share price with words ..I would really like to know what causing the drift of rig ..on pore pressure and permeability..many factors at play many variables ..this play type is fairly new ..subtle differences to the basin floor fans .. behavior of the HCs in a proximal fan setting can vary vastly in terms of accumulation ,type etc when compared to a floor fan ..of course there are general rules but each geologic setting is different ..e.g west of Corentyne compared to East of Corentyne River plus the flow of sediments, lacustrine settings etc all impact on the quality of a reservoir...clay in the mix in between pore space vs just compacted sandstone are all possibilities..but as I said AVO kind of brings a degree of clarity so u know what to expect to the extent that some responses are classified as Direct Hydrocarbon Indicators(DHIs)..so far there is nothing untoward from the company ..except maybe an operation update at Nov 22 would have been great and no CFO sale ..so far the project is seemingly just a bit over schedule which to me is a good sign ..AnMar and WhyWorry I'm arranging barrels with holes for you guys ..No More Cold Decembers..how hydrocarbons fill pore spaces basically determined by the nature of sediments( material,size,grading) and the pressure within the formation ...all of that would have had to be modeled before the rig even spud as any variance is encountered adjustments have to be made or modification depending on the significance of the variance relative to what was modeled..this would translate to delays,cost over runs, additional physical risks .. Management would have to stay true to best practice ..risk analysis would point the way forward with all the decision boxes ..but the underlying factor is maximization of Shareholder's wealth ..taking opportunity (calculated risks) or reducing costs.. quitting while ahead..what I'm seeing is that CGX is going on to TD so therefore in spite of some form of setback the risk/reward proposition that gives value to this highly speculative investment is still preserved or has swung more towards reward as information/results are acquired...so much for darts,monkeys,engineers,pore pressure,spheres ..nuts.. everything bisnin motion.. everything is change .. everything is energy,vibration and frequency..understand 3-6-9 ..
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