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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 mrbbon Jun 18, 2023 8:18pm
192 Views
Post# 35502753

RE:RE:RE:RE:RE:RE:RE:government has aproved Wei1 well as appraisal/Exploration

RE:RE:RE:RE:RE:RE:RE:government has aproved Wei1 well as appraisal/Exploration
Ermosp wrote: They logged the secondary before they drilled the primary, because they failed their initial run at primary and had sidetrack to get the new primary. That said, they definitely should know the pay interval if not the fluids and cores. It is a mystery why they chose not to reveal it. 

thanks for the clarificaiton. I didn't know they had to sidetrack to get to the primary.  With LWD, driller would have some idea what gross pay they have drilled through though. 

May 5, 2023

“Operations were interrupted when a wire line fluid sampling tool became stuck in the well and was not recovered. An open-hole sidetrack will begin shortly from below the last casing point and will progress to the planned total depth. The JV Partners expect the well to be completed within the original timeframe announced on January 23, 2023 of four to five months after spudding the Well,” the companies said.

A comprehensive logging campaign in the Maastrichtian interval indicated the presence of medium sweet crude oil of 24.9 API. And downhole fluid analysis confirmed light sweet crude oil in the Campanian interval.

Logging while drilling (LWD) and cuttings indicated the presence of hydrocarbons in the upper portion of the Santonian; fluid samples have not yet been obtained.

CGX strikes oil at Wei-1 well in Corentyne Block - Guyana Chronicle

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