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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 4:44pm
246 Views
Post# 34238509

RE:RE:RE:Financing

RE:RE:RE:FinancingYup np Phantom. Well we've had a couple of posters who implied that because of lack of specific well results how is it not possible that the oil could have come and gone leaving traces like on Eagle.

Those MDTs can determine a lot of material information. What we really need is a reservoir expert to elaborate and correlate public seismic info with this, for me, new information about "several" reservoirs. That's astounding material info to me. What are we talking about now? Multiple zones, like stringers, yet all connected and all fed by a lower Santonian via a fault? There's a reason the sp is going up. The OTC markets have their own experts and consultants. They know what's embedded in those vague words in the NR. I'm just guessing in all that I said above.

So my specific question is: Can it be posdible for MDT results on upper formations reliably predict the presence of a major feeder system deeper down given the seismic information known so far? If yes, then what is the probability of a major discovery right now?

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