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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 BoDidley5656on Dec 15, 2021 10:03am
276 Views
Post# 34232402

Replies to Various

Replies to VariousDreamers or distraction.   Talking about the Turonian is a distraction.   Yes Maka went down to the Turonian and high pressure foreced them to stop - so!  Kawa´s not expected to go to the T.  Reservoirs are expected in the Campanian and Santonian.   Clearly lot a comments from psuedo geologies and non engineer types.   At 20,000 feet grain to grain contacts cause disolution, quartz overgrowths..etc resulting in reduction of porosity and permeability.  Also clay rich depositional system so may have fines plugging pore throats effecting pore fill and lowering well prodcutivity in success case.  If gas/condensate is present then better fluid relative mobility migh allow for filling pore spaces but is challenging.  But if gas, then its as good a dry hole.   So blowing smoke and talking about your spheres is a little off topic.  
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