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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 Dirksidetrackon Dec 16, 2021 10:50am
266 Views
Post# 34236726

RE:Active Petroleum System

RE:Active Petroleum SystemHow can you tell if a hydrocarbon system is active or inactive from well logs? Also they used the word "several". Meaning that they have some sort of laminated structure there with several layers of reservoir rock sandwiched between seals? That might suggest oil migration along an inclined fault feeding several reservoirs wouldn't it? So do they somehow know it's active because of the pore pressures in several reservoirs tells them that somehow? That would be amazing if true! Are they playing this up or down is my question.
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