Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Jul 06, 2023 4:03am
197 Views
Post# 35528584

RE:RE:RE:RE:RE:Question for SheDrills

RE:RE:RE:RE:RE:Question for SheDrills
geomanx02 wrote: Actually the question about completion is extremely meaningful......potential buyers will be looking at how much of the 210' of hydrocarbon bearing sands can effectively/economically be produced.....thus , if mechanically they can only produce 30% or 50% of indicated pay, then that significantly reduces the value of the concession, then the 210' of hydrocarbons becomes meaningless.....except for PR purposes.....

And that's where I was going with the question to SheDrills




i doubt the potential buyer of the OYL/FEC discovery want or need technical advices from you, us or OYL/FEC on how to develop the play. Therefore, it is a waste of time to write or read about how to produce this reservoir, especially when none of us here have seen their seismic, geology and fluid data to even start talking about how to do this and that. 

<< Previous
Bullboard Posts
Next >>