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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 Kelvinon Aug 08, 2023 6:41pm
190 Views
Post# 35578517

RE:Just for fun ….

RE:Just for fun ….Yeah makes sense Frank. Your calcs make sense btw. Wind loading force is a function of wind velocity squared. Sailors and windsurfers know that. Double the wind speed you quadruple the force on your sail. Add to wind loading a high tide coming in. Must be an enormous force acting on that dock. 

So what are they going to do? First build a platform or base from which to drive piles into the ground extending out into the water? Then build a thick reinforced concrete platform on top of the piles? If yes, then once the platform is built, construction should proceed rapidly from there. My buddy says that the most time consuming part is the time needed for the concrete to cure. But, again, I know nothing about that stuff. 
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