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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 Dirksidetrackon Feb 03, 2022 6:45am
251 Views
Post# 34392117

RE:RE:Further

RE:RE:FurtherSo the Berbice canyon was formed before, at least 103 million years ago, pre Coniacin, when South America was located out in the present day Atlantic rotated counter- clockwise when most of the northern part of South America was drained by the Berbice River and not the Amazon because the Amazon didn't exist back then.

Only when the South American plate run up against the Nazca plate did the South America plate tilt to change the drainage patterns to form the Amazon, with it's huge prolific oil producing areas. At the same time the Andes were formed. That's what I read anyway. So why is that relevant? Because the ancient Berbice River must have deposited trillions of tonnes of reservoir quality sediments.

Basher yesterday said that the hydrocarbons must be gas. I point the basher to Yallup and Scotchman of Halliburton, found on google, where they conclude that the heat flow is low enough and perfect for the conversion of kerogen into oil and not gas. Apparently between 80 to 120 C is required to cook kerogen into oil. Higher temperatures will convert kerogen into gas. The heat flow is too low to produce gas, they concluded. It has something to do with the thickness of the Canje source kitchen that underlies the entire Guyana Basin.

According to Yallup and Scitchman the Canje source kitchen is still producing oil to this day. It migrates up into traps. It is those traps that everybody is searching for. The ancient Berbice River created a lot of traps.

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