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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 Schreibzeyon Nov 19, 2022 8:31am
307 Views
Post# 35112390

RE:RE:Wei updates

RE:RE:Wei updates

Went back to listen to the May Kawa presentation, perhaps someone could fill in the gaps for me:

1. It was referenced the Conician interval inhibited MDT, would that be the same for all sections or isolated toward full depth of the hole? 

2. Reagan referenced a 6000 ft interval of adequate sands, of which they referenced 228ft of pay that didn't include the conician interval. Can someone explain how 228ft is the number they came up with in that interval? 

3. Lacey mentioned Wei well will use lessons learned, he also mentioned they weren't sure what to expect with Kawa when they spud, why wouldn't they run larger casings deeper as a risk mitigation practice on the first hole with unknown pressures etc?

4. May be a silly question, but when pumping cement separated by the plug with mud behind it, it is unreasonable to plug the conician interval in order to run the full suite of logs in higher intervals? Especially with mud deteriorating further down the hole with temp and pressures. 

thanks in advance. Looks like OIL_RUN was on to something like someone else mentioned regarding unitization, especially with Sailfin etc and whatever is in the area between Wei and Kawa. 
 

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