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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 Zibo510on Mar 16, 2024 5:26pm
153 Views
Post# 35936791

RE:RE:RE:RE:197ft at Bluefin

RE:RE:RE:RE:197ft at BluefinI don't and never said I did know, because Exxon stated they are not releasing well data information. 

But from following many oil plays a drill stem test has always been part of the initial tests preformed on wells after a discovery to help prove up commercial viability and reservoir properties and confirm that an appraisal well is warranted.

Exxon being the Professional's that they are would follow up a discovery with proven industry procedures which I assume would include a DST 

Below is part of Sinatas NR on Galps recent discovery. 

Maybe you should Google DST and learn what part it plays in the oil discovery process. 

The rig will now return to the Mopane-1X well location to conduct a drill stem test until early April.

Galp will continue to analyze the acquired data during the coming weeks to assess the commerciality of the discoveries.

PEL 

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