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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 dragonfly454on Feb 02, 2022 8:26pm
341 Views
Post# 34391514

Look deeper

Look deeper In the NR ..one thing stands out ..the linking to both the Stabroek and Corentyne area formations ..see the counter rotational dip that is there at Kawa ..that's the keyhole to the whole geological setup ..Maersk Discoverer discovered it....now what Warren Workman was saying about the Berbice Canyon will be brought out..the incised valley the migration  pathways ...Wei-1 will be the no brainer its 100% like Kawa in terms of formation etc ..then you will be surprised at how the Jaguar and Eagle will be unlocked at Santonian depths ..the model becomes simplified ..stratt traps ,lobes,turbidites above mature source rock with channels and faults west of the Corentyne River it would be adjacent to the Berbice canyon at Santonian depths with the Campanian pockets to west ..they will just ignore the Campanian (SportyJ would say low hanging fruit )and mature the seismic interpretation  for the Santonian  Turonian like Bee-eater and Drill baby Dril.but for Kawa and wei-1 those imo will pump and be replenished with the pressure from Lau-Lau and  Maka Central feeding it ...I don't think Exxon gonna want them siphoning  Lau-Lau every day..come on XOM tell us the Lau Lau depth ..oh I already figured and posted it ..
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