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 > Eagle Deep Dirkrisked..derisked Best estimate 2.5 billion

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Comment by Dirksidetrackon Feb 03, 2022 1:15pm

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RE:RE:Eagle Deep Dirkrisked..derisked Best estimate 2.5 billion

Goldrush97. Yes. A few weeks ago Dfly and I were going on about sources of over-pressure. I had mentioned that Repsol said, in their final report, that they believed that the higher than anticipated and designed for, pore pressure was due to "chemical compaction". Dfly responded that they should have taken it into account.

Today he mentioned well design again saying that these Coniacian and Turonian traps can be drilled with proper well design. Oyl had 25% interest in Jaguar. They obviously learned a lot from it because they just drilled the Coniacian on Kawa.

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