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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

Comment by PlainviewOilon Feb 01, 2022 11:01am
125 Views
Post# 34385265

RE:RE:RE:RE:WELL

RE:RE:RE:RE:WELLOil and condensate are literally not the same as LNG though, which is what I was clarifying. LNG is literally a refined product that is liquified natural gas (CH4 or methane also C1 in shorthand). Natural gas is produced and then condensed into a super cooled product that is liquid at cooled temperatures. You can also have LPG which is a mix of heavier parts of the CH chain (up to C5 typically) and can be liquid at normal temperatures. Then you get into diffferent heavier compounds once you're into crude oils. There's also a range of value on crudes depending on how high into the CH chain you get. Effectively this is where API values help denote "quality". 
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