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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 21, 2022 11:49am
246 Views
Post# 34447870

Krabdaggu Wildcat..implications

Krabdaggu Wildcat..implicationsCongrats to Apache and Total..wouldnt call it a wildcat in Block 58 ....its on trend with the other hits east of the Berbice Canyon .shallow with nice pay column...(Krabdaggu means Crab-Dog or Crab eating Racoon )..a wild cat named dog lol..Cat-Dog Cartoon..

https://www.kaieteurnewsonline.com/2014/10/26/the-crab-eating-raccoon-procyon-cancrivorus/#:~:text=and%20jungle%20areas%20of%20Central,(including%20Trinidad%20and%20Tobago).&text=It%20resembles%20its%20northern%20cousin,of%20fur%20around%20its%20eyes.

East of the Berbice Canyon we are seeing the shelf plays in the Maastrictian and Campanian..

plays https://www.rigzone.com/news/totalenergies_makes_significant_new_oil_find-21-feb-2022-167998-article/

Across the mouth of the Corentyne River and across the ancient infilled Berbice Canyon we have the North Corentyne Block the challenge here is to find how/why the trend line breaks in the west (CGX) compared to Block 58 ..in my opinion along the flank of the Berbice Canyon up to Eagle the AVO anomalies DHIs etc in the Santonian to Turonian would be valid ...the westward flow/accumulation of sediments in that area would have been in a more dynamic setting compared to Block 58 ..so expect CGX to have to drill deeper wells ..proper interpretation and tie back of well logs to seismic data will show the way..

ANMAR....here's a quarter ..when you go back to on Friday to Church Street Garage Bar pay a rat to cement some casing in your borehole....


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