CGX Energy Inc V.OYL

AVO comparison to HAIMARA Results

[dragonfly454]

Ok Guys this is a key comparison:

The Haimara-1 well was drilled to a depth of 5,575m in 1,399m of water, encountering approximately 63m of high-quality gas-condensate bearing sandstone reservoir. 

The Kawa-1 well is located in the northeast quadrant of the Corentyne block, approximately 200 kilometers offshore from Georgetown. The water depth is approximately 355 meters (1174 ft) and the expected total depth of the Kawa-1 well is 6,685 meters (21,932 ft).

Kawa has 1,110 meters more of over burden to drill through in about 1050 meters more water depth that indicates that CGX is on the toe of a slump which equates to 1000 meters+/- thick so it is essentially drilling to the same structure as Haimara in the Santonian .

Maka Central(not to be confused with Exxon's Maka) reached the lower Santonian at 6300 meters in early 2020 and stopped due to pressure but the well was already a discovery.

The qusetion here would be is Kawa going to be more of an analog to Maka Central and Kawaskasi  than Haimara and Pluma? with the Suriname wells having oil and gas and Haimara and Pluma more in the Gas Condensate bracket.

With the AVO showing a very striking yellow it could be a direct indicator of 1) Gas and Condensates (2) low residual gas (3) oil and gas mix...I have ruled out brine .

With Red AVO amplitude more in the Turonian that would be a lower amplitude than the yellow so assuming that the data has been properly processed then the Red would have to be mostly oil.

So working with the AVO concept that brine is lower amplitude,oil higher and gas highest and considering the improvements in data gathering and analysis from 2014 to now I would say we have a 75%-85% possibility of a good positive result here.

Have a good weekend mates.

achew.i sneezed

[dragonfly454]

Kawa has 1,110 meters more of over burden to drill through in about 1050 meters less water depth that indicates that CGX is on the toe of a slump which equates to 1000 meters+/- thick so it is essentially drilling to the same structure as Haimara in the Santonian .

[Dirksidetrack]

Ok so I am just learning about geology so please correct any of the following: Santonian refers to when the sediments were deposited or thrtime between 86.3 0.7 mya (million years ago) and 83.6 0.7 mya.. Slump refers to when a pile of sediments got pulled down by gravity filling a basin. So a build up of sandy sediments in the Santonian age got pulled down by gravity to fill a basin.We know that

[simonx72]

"The well encountered 243 feet (74 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs of which 102 feet (31 meters) is oil bearing" The implication is that Cataback is more than 50% gas. (This is from the recent release on the Cataback discovery which is closer to the Liza type oil discoveries than Kawa). Since Kawa is much closer to Haimaira which is a

[waitingstill]

Is gas condensate necessarily a negative? I though condensate fetched a higher price than oil on a relative basis?

[jtdd]

Gas condensate is very light and has highest API of around 50, it is more expensive than light oil

[Dirksidetrack]

Yup packs more punch per kilogram than oil. Like butane in your lighter is a gas condensate. Just a little bit of pressure and it stays liquid. Open up the valve so that it flashes into gas, mix with enough oxygen, a spark and blue hot flame over 1000 C temperature.Everybody talking oil field. What's wrong with gas field?

[ljmorin]

Condensate is also very sought after for use as dilluent to lighten up heavier oils for pipeline tranmission. I would be just fine with  a couple hundred feet of pay in Condy. any day.

[Dirksidetrack]

Thanks. Now we're getting down to the "nitty gritty". That's why I dug into AVO and the math overwhelmed me. Can seismic definitively pick up oil in rock 4 miles down? Liquids yes. But nat gas at that depth and pressure is a liquid. Kawa will hit, no doubt about that. But what?So far we've had two people talk about AVO and that it says that we hit oil. Check out AVO. You need