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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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Comment by OIL_RUNon Jan 18, 2022 11:23am
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Post# 34328627

RE:RE:Dirk

RE:RE:Dirk
I’m not sure how to reconcile comments about CGX / Frontera drilling through the top of the Santonian unconformity when the Dec 16 news release states “LWD and cuttings indicate the presence of hydrocarbons in several Campanian and upper Santonian formation”.


Those upper Santonian formations were cased off with 9-5/8” casing. 
 

Have we not already drilled through Santonian and associated unconformity per the Dec 16 news release?
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