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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 dragonfly454on Dec 17, 2021 6:11pm
279 Views
Post# 34242377

After 90%

After 90%The Campanian has been run through..what exactly was found is somewhat still of a mystery as drilling into that toe of Rumpelstiltskin's shoe of a stratigraphic trap could give very limited results from which only some directional drilling back North could have given some clarity ..below that would be the upper Santonian..the lower Santonian was laid down then channelized then infilled then channelized again then overlaid by the Campanian so you have the upper and lower Santonian to contend with then the Turonian below then the source rock.What the hydrocarbons found so far is telling us is that the source rock reached thermal crack point at that part of the basin or we had some migration from out in the North going through the Upper Santonian the drill encountered some minor formation(s) that would have been a mirror (shadow image)of the the thicker lower Santonian with a deeper infilled channel.The overburden above and in the channel raised pressure into the Turonian and towards the Source rock so opens up the migration path and that feeds the lower Santonian and that should be filled with recent maturity oil which should be volatile sweet due to the high pressure ..just like Maka ..Tobbler's First Law of Geography
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