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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 > Dirk
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Post by dragonfly454on Jan 18, 2022 10:39am
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Post# 34328343

Dirk

Dirkthe Santonian Unconformity is classified as "Major Erosional Event" ...after this well it would be classified as "Extreme Erosional Event"..

Imagine a working hydrocarbon system determined above Santonian in H19 Campanian ...Lau-Lau,Haimara,Pluma,Maka Central all around ..the water depth at Lau Lau plus the sediment depth pressurizes that zone in the Stabroek Block yes but the angle getting to H23 and the sediments in the proximal fan setting caused some issues nothing to worry about....the vertical depth to H23 is almost the horizontal distance from Kawa to any of those proven wells ..Lau-Lau,Maka,Haimara and Pluma..thats very close ..no social distancing here..

Seems no NR until the final NR ..redundant testing LWD and Wireline 


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