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.

TSXV:OYL - Post by User

CGX Energy Inc > Pelican Brief

<< Previous

Bullboard Posts

Next >>

Comment by Dirksidetrackon Jan 09, 2022 6:50am

330 Views

Post# 34297233

RE:RE:RE:Pelican Brief

Deep Santonian baby! Not even Repsol on Jaguar, nor Exxon et al could penetrate that. Exxon is planning to. They may want to hire Stockinger and Lacey to help them get there.

But how can there be stacked sections of the same formation deposited in the same time period or geological age? Listric fault in a channel aka canyon? Ms. Budlong and Mr. Zoback know. God, from a humble mud man's point of view, I am really impressed that someone finally got to the deep Santonian. The upper one takes only about 60 days to get to. The lower one takes cojones, talent and lots of money to get to. De Alba is a smart man. He hired the best of the best.

<< Previous

Bullboard Posts

Next >>

Debt-free cannabis company set for next stage of growth