CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Hi sparky

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Comment by Dirksidetrackon Dec 16, 2021 10:16am

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Post# 34236505

RE:RE:Hi sparky

Hi Sparky, I went looking for what the difference is between an active hydrodrocarbon system and an inactive one. Here's what I found: A source rock that generates petroleum, either biogenically or thermally. If a source rock was active in the past, it is either inactive or spent in the present.

Also a petroleum system is defined as having 4 components - source rock, migration pathway, reservoir rock and seal or trap.

So I take the update to mean that oil is still being generated in the Canje source kitchen and migrating to several reservoirs, each with a seal.

But I know little about geology. Looks promising though.

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