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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 12:37pm
167 Views
Post# 34385783

RE:160 ft onshore vs 170 ft offshore

RE:160 ft onshore vs 170 ft offshore

Thickness by itself doesn't tell the whole story. In very rough terms you want to worry about hydrocarbon pore volume of the entire accumulation  


gross rock volume (GRV) = thickness X area 

Net pore volume = GVR X porosity (% of rock volume that has "holes in it) X net to gross (% of the total interval that is sand vs shale)

Hydrocarbon Pore Volume = net pore volume X HC saturation 

Gross rock volume is your big lever, and in addition to the thickness you have to take into account area of the accumulation. 

There's a whole second order question on producibility, which is an very length discussion in itself but your questions around saturations and the stacked nature/unknown water saturations in each means there's still a lot they're likely analyzing. 

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