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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 Dirksidetrackon Jan 18, 2022 2:16pm
280 Views
Post# 34329635

Imagine

ImagineImagine a 5 layer cake. You place your knife edge on top and cut down at say 60 degrees. You now essentially have two cakes with a 60 degree face on both cakes. You then lift one cake up but with the faces still in contact with each other. You end up with a cake with more than five layers. The layer that was one continuous chocolate layer is now two stacked chocolate layers in areas close to the cut. Do that with rock layers and you can create multiple Santonian layers.

The slope of a listric fault gets less steep with depth. It's shape is not straight. It's a curve that goes from steep to almost flat with depth. That means that in the lower sections the two split layers may still be in contact for a given relative movement. In the upper sections for the same movement a split layer may be completely separated and stacked. Is that what Kawa's geology looks like? Is there a fault there? Because, if yes, then if the fault might be a migration pathway feeding multiple layers of stacked reservoirs at the same time. I sure as heck hope so!

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