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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 16, 2022 11:14am
191 Views
Post# 34433783

RE:JTDD

RE:JTDD Dfly, who the f are you? I thought that you were Jtdd, forestry commission, your office can see the Marriot. I google mapped it. Lmao! Man you slick. Ok. So what's up? I'm betting on Schrodinger's Cat. Two states at the same time. Well kicking while taking mud at the same time. Impossible people say. BS. Porosity, permeability high enough then lighter density hydrocarbons can ride over heavier drilling mud to keep pore fluids at bay. The notorious Debolt formation in Western Canada that has given me and thousands of others so much grief does just that.

Bioclastic limestone. Carbonates. Ancient coral reef over 100 feet thick, 10,000 acres in size of highly porous, permeable reef structure loaded with light, sweet oil. Is that what they got? Why did they not wireline log the open hole? Hmmm. Because they couldn't do it safely until they got it behind casing if running a radioactive sourse logging tool through there?

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