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.

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CGX Energy Inc > Apache's operational update December 2nd 2019

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Comment by PlainviewOilon Feb 01, 2022 9:37am

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Post# 34384549

RE:RE:RE:Apache's operational update December 2nd 2019

Aerial extent of the trap "fill to spill" is that large. If they encountered water in any of the intervals it'll shrink that footprint. If they encountered water in all intervals then it's possible it's not even producible. If you're right above your water contact you'll only produce water because you can't prevent aquifer water from hitting you and once it does you become a water handling facility

All I'm suggesting is temper expectations and buckle up. I'm staying on the ride, I've been on it since 2011.

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Southern Ontario mineral processing operation receives green fund support