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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 BoykJurko11on Oct 14, 2022 4:22pm
387 Views
Post# 35025693

RE:RE:If Kawa were compeley dry

RE:RE:If Kawa were compeley dryYeah Oregon, they're listed. At 1 or 2 cents per share. Oyl at around 90. Why? Because they got something. So HP Sauce can't figure out what they have because you claim that they have no porosity data. BS. The mud loggers, who are geoligists, can and do figure out porosity from the cuttings samples that they collect at the shakers.

But porosity in and of itself means little. You can have rock like shale with over 30% porosity with oil in its pores yet oil will not flow because the pores are isolated and not interconnected with other pores because shale has zero permeability which is why they frac it to create permeability.

So does the rock in Kawa have permeability? If they took kicks then it definitely has permeability. We don't know that they took kicks on Kawa but my guess is that they took plenty judging by the share price.

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