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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 westcanprideon Jun 01, 2023 9:19pm
192 Views
Post# 35476105

RE:RE:RE:RE:What do you not get Matt?

RE:RE:RE:RE:What do you not get Matt?

So let's say they did flow test the well, are you a reservoir engineer Kelvin? Do you have the ability to start doing in depth reservoir performance prediction and build type curves that will detail recovery factor, peak flow rates, decline analysis, etc. 

wothout pertinent information from the reservoir (such as fluid quality, reservoir permeability, oil formation volume factor, net pay thickness, reservoir extent, etc), a basic flow rate would be pretty useless to anyone in the general realm. So much work goes into understanding the data collection and requires specialized technical staff. From my experience, you were a employee on the rig and never worked in an office setting as a reservoir engineering specialist. Correct me if I am wrong....

and let's say you could do something with a flow test, you going to use your book knowledge to exptrapolate this understanding into the amount of additional wells needed in Corentyne before a FID is ever made. You have any idea what it will cost to do a drill the production wells, build NPV models, etc? If so, please let me and everyone else know. 

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