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 > Hydrocarbons vs Oil

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Post by geomanx02on Feb 01, 2022 9:51am

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Post# 34384637

Hydrocarbons vs Oil

Everyone hold on to your coffee cup.......CGX did not find 177' of oil pay.....they found 177' of "hydrocarbon" baring reservoirs.

CGX drilled in an area that is both oil and gas prone, so we cannot assume it's all oil. CGX can fairly easily determine oil vs gas from the N/D Log response and confirm with wireline fluid samples.

Maybe one day CGX will offer some clarity on oil vs gas

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