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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 5:20pm
266 Views
Post# 34238627

RE:Dfly

RE:DflyYes I too am waiting for Dfly's analysis. He was asked a couple of weeks ago what he thought the chances were of a hit. He responded 100%.

OK Dfly this is what I'm imagining: They're drilling away and lwd shows spike in hydrocarbons in a sand stringer maybe 5 feet thick. They run MDT on it collecting fluid samples, pressure, permeability etc and continue drilling hitting another stringer. They MDT that. They continue drilling hitting several stringers running MDTs on every one. Comparing fluid samples and pressures they find that they're all connected. You're probably analyzing seismic right now. Is there a hint of many stringers connected via a fault leading to a humungous feeded system deeper? Your resolution may not be that good though to see them, if they're there. Just curious. Believe me Sparky 5968 I know almost nothing about earth science. I'm throwing darts here. Need the earth scientists to comment.

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